Summary

  • Meta has begun internal testing of prediction market app Takes with employees.
  • Unlike Polymarket and Kalshi, Takes uses virtual points called Cred instead of real cash.
  • The launch timeline for Meta’s prediction market app and whether it will add a real-cash betting feature remain unclear.

Forecast Trend Report by Period

Meta Platforms, the parent company of Facebook and Instagram, has developed a prediction market app and started internal testing, The Block reported on November 13.

The company recently began trialing the app, called Takes, with employees, according to the report.

Unlike existing prediction market platforms such as Polymarket and Kalshi, Takes uses virtual points called Cred instead of real cash. Users can stake points on the outcome of specific events. They earn points if their predictions are correct and lose them if they are wrong.

In June, Meta CEO Mark Zuckerberg instructed employees to develop a prediction market app. The project was then known as Arena.

Meta has not disclosed a launch date for the app. It also remains unclear whether the company will eventually add real-money betting.

Uk Jin