ZUCKERBERG BUILDING POLYMARKET CLONE FOR META

The app, currently in development, will likely use points-based wagering instead of actual money, according to The New York Times. Meta has not ruled out eventually introducing real-money betting, though no timeline has been set. Prediction markets allow users to bet on outcomes of future events, from elections to sports. Polymarket and Kalshi have grown in popularity, though they operate in a regulatory gray area in the US. By starting with virtual currency, Meta could test the market and gather user data before navigating potential regulatory hurdles around gambling. The approach also gives the company time to assess demand and refine the experience. No launch date has been announced. Meta's move signals renewed interest in prediction markets from major tech companies seeking new engagement tools.