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In a move reflecting Meta's growing interest in prediction markets, Mark Zuckerberg has asked executives to explore partnerships with Polymarket and Kalshi, according to the New York Times. The company is reportedly developing its own prediction app, signaling a broader strategy to diversify services beyond core advertising.
Prediction markets have gained significant traction, particularly after the 2024 U.S. elections, with rising investor and regulatory attention. Meta is seeking to expand beyond its core advertising business, with parallel investments in AI and virtual reality. The exploration remains at an early stage, with no immediate financial impact on the company.
Meta stock (META) closed at $550.74 on June 26, 2026, trading between $540.40 and $556.85. Investors are watching for any official announcements regarding potential partnerships or product launches. The next catalyst could be Meta's Q2 earnings report, where management may provide updates on this initiative.
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