technology
Meta Plans Standalone Prediction Market App
Meta is developing a smartphone app that lets users earn points for making predictions on events. The project remains experimental and separate from the company's existing social platforms.
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Meta is developing a smartphone app that functions like existing prediction-market platforms. The app will use a points system for correct predictions, though cash betting could be added later, The New York Times reported.
Zuckerberg has directed the company to build the app, which would operate independently of Meta's current social-media platforms, TechCrunch reported. Those platforms could still direct users to the new app. Sources described the project as experimental but a top priority inside the company.
Prediction markets have grown rapidly.
Trading volume on platforms such as Polymarket and Kalshi reached tens of billions of dollars as of April 2026. X formed a partnership with Polymarket in summer 2025.
Legal challenges have increased.
A former high-ranking special-forces soldier has been accused of using insider knowledge to profit from prediction-market trades related to the capture of Venezuelan president Nicolás Maduro. George Santos is currently under investigation over alleged Kalshi trades.
Multiple U.S. states have filed lawsuits against prediction-market platforms alleging violations of gambling laws. The current U.S. administration has sued states that sued prediction markets.
