MARKETS 60-second read
Meta tests prediction-market app that pays in points, not cash
The app, called Takes, was first reported in June under the name Arena.
The hit
Meta has started testing a prediction-market app with its own employees that pays out in points rather than real money, according to the Wall Street Journal. The app, called Takes, awards users “cred” points for correct predictions & deducts them for wrong ones.
Why it matters
The testing comes as Kalshi & Polymarket face state lawsuits over their event contracts.
The record
| App name | Takes (previously Arena) |
|---|---|
| Currency used | “Cred” points |
| Origin | First reported in June, when Mark Zuckerberg directed staff to build a standalone prediction-market app |
| Availability | Internal employee test only; no public release confirmed |
What happens next
Watch for whether Meta expands Takes beyond internal testing or confirms a public launch.
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