Meta Targets Prediction Market Demand With Play Money Platform

Meta is developing a prediction market platform that would initially allow betting with play money before the company considers enabling real stakes, Seeking Alpha reported Tuesday (June 23), citing a paywalled article by The New York Times. Using play money would allow the new platform to sidestep the regulatory hurdles it would face if it enabled the use of real money, according to the report. Meta’s platform is called Arena, would run independently of the company’s other platforms such as Fac