Meta creating prediction market app, NYT says
Summary
Meta, the company that owns Facebook, is creating a new app for prediction markets. Prediction markets let people bet on the chances of future events happening.Key Facts
- Meta is developing an app focused on prediction markets.
- Prediction markets are platforms where users can bet on outcomes of events.
- Existing prediction market apps include Kalshi and Polymarket.
- These markets cover a wide range of topics and are a growing business.
- The information comes from a report by the New York Times.
- A technology reporter from CNET discussed the news on CBS News.
- Meta aims to enter the prediction market business with this new app.
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