Meta Develops Standalone Prediction Markets App Called Arena

Meta is developing a standalone smartphone app for prediction markets under the internal name Arena, according to two employees familiar with the project. The app would let users make forecasts on sports, politics and major news events. It would run independently from the company's main platforms.

Arena is expected to start with a video game-style points system.

Meta has not ruled out adding real-money betting later. The effort is part of a broader push by the company to test new products as growth on its established platforms slows.

Prediction-market operators handled more than $50 billion in trades last year, with volume already exceeding $130 billion this year. The sector has drawn interest from gambling operators, cryptocurrency firms and media companies.

Meta previously launched a points-based prediction app called Forecast in 2020. The company shut that service down in 2022. >"Meta CEO Mark Zuckerberg is pushing ahead with plans for a standalone prediction markets app, according to a report." — New York Post, June 2026