Meta CEO Mark Zuckerberg arrives at Los Angeles Superior Court on Feb. 18, 2026.<\/p>\n
Jill Connelly | Getty Images<\/p>\n
Meta<\/a> is set to report earnings after the market close Wednesday, and traders on prediction market<\/a> platform Kalshi<\/a> think the Instagram parent will use its conference call to highlight its Ray-Ban Meta smart glasses and push into the cloud market, while steering clear of social media policy debates.\u00a0<\/p>\n In a “mentions market” \u2014 where speculators on Kalshi are asked to place trades on whether specific words will be used during a call or speech \u2014 for the Meta earnings call, traders place 90% odds that the hyperscaler’s management will say the word “cloud.”<\/p>\n Bloomberg reported<\/a> earlier this month that Meta was developing a cloud infrastructure business to sell access to raw computing power.\u00a0<\/p>\n Speculators are only a little less certain that Meta on the call will say “Ray-Ban,” its smart glass partner, giving it a 74% chance. Last month, Meta debuted a new smart glasses model<\/a> at a lower price, developed with Ray-Ban parent EssilorLuxottica<\/a>.<\/p>\n Traders are think there’s a 61% chance Meta will discuss its chips by using the word “silicon.” <\/p>\n Odds that Meta mentions “Hyperion,” the name of its data center project<\/a> in rural Louisiana stand at just 27%. \u00a0\u00a0<\/p>\n And don’t expect Meta to discuss social media policy either. <\/p>\n While the U.K. is the latest country to pursue bans<\/a> on children using social media, traders think there’s only a 15% chance Meta mentions “age verification.”\u00a0<\/p>\n Traders think there’s just a 20% chance Meta uses the terms “prediction market” or “Kalshi.” Reports in June<\/a> revealed Meta CEO Mark Zuckerberg directed staff to build a prediction market platform, and NPR reported<\/a> later the same month that Meta at one point was in talks to acquire Kalshi.\u00a0<\/p>\n Disclosure: CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.<\/p>\n