Mark Zuckerberg met with Kalshi's CEO last year about a potential deal, but talks did not move forward. Now Meta is making its own prediction market app.

Meta is developing a prediction markets app called Arena, with Zuckerberg directing teams to explore partnerships with Polymarket and Kalshi for event

Meta CEO Mark Zuckerberg has directed his team to investigate collaborations with prediction market platforms Polymarket and Kalshi, as Meta develops a similar application.

The social media company's executives have said Arena, Meta's new prediction market app under development, will differ from Polymarket and Kalshi, which accept real-money…

Zuckerberg wants to position himself as a competitor to Kalshi and Polymarket

Mark Zuckerberg met with Kalshi's CEO last year about a potential deal, but talks did not move forward. Now Meta is making its own prediction market app.

Zuckerberg met Kalshi CEO Tarek Mansour about a buyout in 2025, but talks stalled and never reached a formal offer.