Meta’s rumored Polymarket rival wants you to literally bet on the future

TL;DR Meta is reportedly developing a standalone prediction app called Arena, where users would compete for points and rankings rather than wager real money. The project marks Meta’s second attempt at prediction-based platforms, following the earlier shutdown of its Forecast app, but it arrives as prediction markets like Polymarket and Kalshi are booming. Arena is still under development and may never launch, but the reported project has already attracted criticism from lawmakers concerned about