Mark Zuckerberg, CEO of Meta Platforms Inc., appears in Los Angeles Superior Court on Wednesday, February 18, 2026 in Los Angeles, California, USA.
Kyle Grillot | Bloomberg | Getty Images
Meta Platforms CEO Mark Zuckerberg has directed his staff to create a prediction market platform, a person familiar with the company’s plans confirmed to CNBC.
The New York Times first reported the development on Tuesday.
The source also confirmed to CNBC that prediction market apps do not use real money to trade on the platform, in contrast to other prediction markets where traders use cash to speculate on future events.
The Times reports that Meta’s app will instead rely on a video game-style point system, but that money could be used in the app in the future.
The app, known internally as Arena, will be separate from Meta’s social media platforms Instagram and Facebook, two employees familiar with the plans told the Times.
Meta is looking to leverage its user base on Facebook and Instagram to drive potential traders to its platform, the report said.
The company declined a request for comment from CNBC.
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DraftKings Tuesday stock price
Sports betting platform DraftKings fell more than 2% after the report was released, hitting its lowest point of the day. The stock price fell 1% last time. FanDuel’s parent company, Flutter Entertainment, also fell nearly 2% following the news, but remained positive on the day.
Both Flutter and DraftKings have struggled over the past year due to concerns about how prediction market platforms that offer sports-related event contracts could disrupt their sports betting operations.
Robinhood, a trading platform that offers contracts from various prediction market platforms, also fell in response to the Times report.
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