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Meta and Kalshi takeover discussions fail to advance

Deals & M&A

Meta CEO Mark Zuckerberg and Kalshi CEO Tarek Mansour discussed a possible acquisition in 2025, but the talks did not progress beyond an informal stage, according to reports citing people familiar with the matter. Sources gave differing explanations, including valuation differences, Mansour's reluctance to sell and concerns within Meta about legal and regulatory issues; Meta is separately testing an internal prediction app that would use play money.

The stalled talks leave Kalshi independent while Meta explores a separate prediction-market product.

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Deals & M&A

Meta reportedly discusses potential Kalshi acquisition before prediction-market plans

Meta reportedly held talks with Kalshi chief executive Tarek Mansour last year about a possible acquisition, but the discussions ended without a deal. People familiar with the talks gave conflicting accounts of why they broke down, and Meta and Kalshi declined to comment on the reports. Meta is reportedly developing a prediction-market app, while the reports say its potential use of real-money trading remains unresolved.

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