Meta reportedly explores Kalshi acquisition before developing prediction app
Meta chief executive Mark Zuckerberg reportedly met Kalshi chief executive Tarek Mansour last year to discuss a possible acquisition. The talks remained at an early stage and ended without agreement; accounts differ on the reasons. Meta is now developing a prediction app called Arena that is not expected to use real-money wagering.
Meta’s planned app without real-money wagering differs from Kalshi’s business, which the proposed acquisition would have brought under Meta.