The Points Casino: How Meta's Arena Turns Forecasting Into a Slot Machine
Meta is building a prediction market. According to a New York Times report, Mark Zuckerberg has dispatched a small team to build "Arena," a standalone app where users forecast outcomes — elections, sports, pop culture events — using a video-game-like points system rather than real money. The app would sit independently from Facebook and Instagram but leverage their combined 3.56 billion daily users for growth. Days later, Zuckerberg reportedly pushed Meta leadership to explore partnerships with Polymarket and…