Business · 2h ago
Meta Builds Prediction Markets App to Rival Polymarket
Meta is developing a prediction markets app under CEO Mark Zuckerberg's direction, aiming to compete with platforms like Polymarket. The app will allow users to bet on event outcomes without risking real money, using play currency instead. This move marks Meta's entry into the growing prediction markets space, which has seen increased interest following the 2024 US elections.
Meridian48 take
Meta's no-real-money approach sidesteps gambling regulations but raises questions about user engagement and data collection incentives.
Read the full reporting
Meta is Building a Betting App That Won’t Take Your Money →
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