Mark Zuckerberg has directed a small Meta team to build a standalone prediction-market app called Arena, according to the New York Times. The move puts the world's largest social network on a direct collision course with crypto-native platforms like Polymarket and Kalshi.

The company may be seeking to compete with Polymarket and Kalshi.

Mark Zuckerberg directed Meta to build a prediction market app called Arena that would compete with Polymarket and Kalshi, the New York Times reported.