In addition to tasking staffers at Meta to develop a prediction markets app, CEO Mark Zuckerberg has also asked executives to look into partnerships with Kalshi and Polymarket, The New York Times reports. Meta wants to get “at least 100 million monthly active ‘predictors’ for the app,” which is set to be targeted toward 18- to 34-year-olds, the NYT says. [Link: Zuckerberg Urges Meta to Explore Working With Polymarket and Kalshi | https://www.nytimes.com/2026/06/26/technology/zuckerberg-meta-polymarket-kalshi.html | The Verge]

The company is building an app separate from Facebook and Instagram where people can wager on the outcome of real-world events, using "play money."

Meta has developed an experimental app called Arena, independent of Facebook and Instagram, and could compete with the biggest prediction markets.