Unlike traditional prediction market platforms such as Polymarket or Kalshi, users would likely rely on a video game-like points system instead of cash, although the company has not ruled out the eventual use of real-money betting...

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.