SectorWire
SearchGet the daily briefing
Menu

Meta develops prediction platform as it considers entry into the market

Deals & M&A

Meta has formed a team to develop a prediction platform internally called Arena, according to a media report. The experimental project is planned to begin with virtual scoring rather than real-money bets, and Meta declined to comment. The report says the company may consider financial betting at a later stage.

A Meta entry could add a major technology company to competition with existing prediction-market platforms.

End-of-day close DraftKings (DKNG), USD, to 7 August 2026
Story date11 May 20267 August 2026

Request a correction

Keep reading