Meta, which said it had more than 3.5 billion users across its family of apps as of March, could challenge Kalshi’s and Polymarket’s market share with the reported launch of a prediction markets app.

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.