Meta's Latest Gamble? Mark Zuckerberg Eyes Prediction Market Race With New App

Last Updated:June 24, 2026, 16:33 IST

Meta CEO Mark Zuckerberg is developing a Polymarket-like prediction app using game points instead of money, but may allow real-money betting in the future.

Meta CEO Mark Zuckerberg recently dispatched a small team at his company to create a smartphone app similar to Polymarket and Kalshi, the New York Times reported on Tuesday, citing two employees with knowledge of the matter.

The app will probably rely on a video game-like points system instead of users wagering money, though the company has not ruled out betting real money eventually, according to the report.

The company did not immediately respond to a Reuters request for comment. Reuters could not independently verify the report.

Prediction markets surged in popularity during the 2024 U.S. presidential election and have evolved into an asset class that lets investors wager on a variety of events, from monetary policy to sports tournaments. Trading platforms such as Robinhood and Interactive Brokers have rolled out event contracts.

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