Meta tried to buy Kalshi, then built its own play‑money prediction app
Meta explored buying Kalshi, the leading real‑money prediction market, before Zuckerberg tasked engineers to create an in‑house platform. After the talks stalled, Meta launched Arena, a play‑money prediction market powered by AI that avoids betting regulations. The move signals Meta’s bet on user engagement in the booming prediction‑market sector without real‑cash risk.