Meta to Launch 'Arena' Prediction App Using Points System to Rival Polymarket

Key Facts

In a move reflecting big tech's ambition to dominate emerging digital trends, Mark Zuckerberg has directed the development of 'Arena', a standalone prediction markets application. According to reports, the app will initially utilize a video game-like points system instead of cash betting, though the company has not ruled out real-money options for the future. The project is internally described as a top priority, aiming to revive momentum from past ventures like the Libra stablecoin and the Forecast app shuttered in 2022.

This expansion occurs as event-based betting platforms experience record growth, with Polymarket recording trading volumes exceeding $2.5 billion during 2024 according to data from Dune Analytics. Looking at tech sector peers, Alphabet (GOOGL) closed at $346.13 and Apple (AAPL) traded at $299.40 per market data on June 23, 2026, highlighting the intense competition for user engagement in specialized application markets.

META stock stood at $563.16 on June 23, 2026, with the shares trading between a low of $561.03 and a high of $572.20 during the session. Investors are monitoring whether Arena's points-based model can successfully capture market share, especially as markets await key economic catalysts like U.S. Retail Sales and Federal Reserve rate decisions that could impact risk appetite in the tech sector.