Zuckerberg reportedly wants a Polymarket clone — but without real money

Meta is developing 'Arena,' a prediction markets app similar to Polymarket that initially uses points instead of real money, positioning itself to capture emerging engagement trends while monetizing user participation in forecasting activities. This move reflects Meta's broader strategy of rapidly cloning successful features from competitors and leveraging its massive user base to dominate new platforms, though it carries regulatory and reputational risks given ongoing controversies around prediction market manipulation and fraud. For IT organizations, this signals Meta's continued investment in alternative engagement models and the need for enterprise technology leaders to evaluate how prediction market features might integrate into their own platforms or employee engagement strategies.

Jay PetersThe Verge2 min read
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Zuckerberg reportedly wants a Polymarket clone — but without real money
Mark Zuckerberg. | Image: Cath Virginia / The Verge; Getty Images Meta CEO Mark Zuckerberg has tasked a small team at the company with making an app that works like the prediction markets Polymarket and Kalshi, according to The New York Times. The app, internally called "Arena" won't let users wager real money, but instead will "probably rely" on allowing users to bet with points, the NYT says - though Meta apparently hasn't ruled out eventually allowing people to bet with real money. Should Meta's app launch publicly, it would be just the latest example of Meta taking a popular idea from another company and building its own version, like it did when it cloned Snapchat's Stories format and TikTok's vertic … Read the full story at The Verge.