{"id":655293,"date":"2026-06-24T05:38:13","date_gmt":"2026-06-24T05:38:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/655293\/"},"modified":"2026-06-24T05:38:13","modified_gmt":"2026-06-24T05:38:13","slug":"zuckerberg-reportedly-wants-a-polymarket-clone-but-without-real-money","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/655293\/","title":{"rendered":"Zuckerberg reportedly wants a Polymarket clone \u2014 but without real money"},"content":{"rendered":"<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1044qizi _18mzr4b1 _18mzr4b0 _19wv7tc1\">Meta CEO Mark Zuckerberg has tasked a small team at the company with making an app that works like the prediction markets Polymarket and Kalshi, <a href=\"https:\/\/www.nytimes.com\/2026\/06\/23\/technology\/meta-prediction-markets-app.html\" rel=\"nofollow noopener\" target=\"_blank\">according to The New York Times<\/a>. The app, internally called \u201cArena\u201d won\u2019t let users wager real money, but instead will \u201cprobably rely\u201d on allowing users to bet with points, the NYT says \u2014 though Meta apparently hasn\u2019t ruled out eventually allowing people to bet with real money.<\/p>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1044qizi _18mzr4b1 _18mzr4b0 _19wv7tc1\">Should Meta\u2019s app launch publicly, it would be just the latest example of Meta taking a popular idea from another company and building its own version, like it did when it cloned Snapchat\u2019s Stories format and TikTok\u2019s vertical video feed. However, prediction markets have also been rife with controversy, including users being arrested for placing <a href=\"https:\/\/www.theverge.com\/tech\/938635\/google-polymarket-insider-trading-prediction-market-bets\" rel=\"nofollow noopener\" target=\"_blank\">suspicious<\/a> <a href=\"https:\/\/www.theverge.com\/policy\/917910\/polymarket-maduro-bets-arrest-van-dyke\" rel=\"nofollow noopener\" target=\"_blank\">bets<\/a>. The Wall Street Journal also <a href=\"https:\/\/www.wsj.com\/business\/media\/polymarket-social-media-bets-prediction-market-441cdeb5\" rel=\"nofollow noopener\" target=\"_blank\">recently reported<\/a> that Polymarket <a href=\"https:\/\/www.theverge.com\/tech\/953285\/polymarket-fake-viral-video-bets\" rel=\"nofollow noopener\" target=\"_blank\">paid people to post fake videos of themselves placing bets<\/a>.<\/p>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1044qizi _18mzr4b1 _18mzr4b0 _19wv7tc1\">Arena is set to be independent from Meta\u2019s other apps, though the company plans to point users to it from its other platforms. According to the NYT, Meta insiders characterized the app as a \u201ctop priority.\u201d Meta and Polymarket didn\u2019t immediately reply to a request for comment. Kalshi spokesperson Laura Frank declined to comment.<\/p>\n","protected":false},"excerpt":{"rendered":"Meta CEO Mark Zuckerberg has tasked a small team at the company with making an app that works&hellip;\n","protected":false},"author":2,"featured_media":655294,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[226,84,59,1324,50,227,56,54,55],"class_list":["post-655293","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-apps","tag-business","tag-gb","tag-meta","tag-news","tag-tech","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/655293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=655293"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/655293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/655294"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=655293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=655293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=655293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}