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You’re doing too much, Meta tests prediction-market app for employees

S&P 500, Technology | AI

You’re doing too much, Meta tests prediction-market app for employees

Landon Capital News

Meta Platforms is testing an internal prediction-market app called Takes, allowing employees to predict the outcomes of events using virtual points rather than real money, The Wall Street Journal reported Friday.

The app uses a currency called “cred,” with users earning points for correct predictions and losing them for incorrect ones. Questions have included whether former Apple CEO Tim Cook will become Nvidia’s next chief executive.

The project was previously known internally as Arena, following CEO Mark Zuckerberg’s direction to develop a prediction-market product.

The move comes as platforms such as Kalshi and Polymarket gain popularity, particularly among younger users Meta is seeking to attract. Both companies face legal challenges from US states over whether their platforms constitute illegal gambling.

Takes remains in employee testing, with no indication of when or whether Meta plans a public launch, the Journal reported.

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Landon Capital Inc. is a media company that wholly owns subsidiaries Landon Capital Management LLC and Landon Capital News. Landon Capital News distributes economic, and political news in over 176 countries. Landon Capital News provides an in depth and simplistic look at financial, economic, and political news, as it is happening. We also provide our viewers with in-depth analysis on various companies and political news that directly correlate to economics. We bridge the gap of information between the investor and the markets, sectors and industries that they invest. For more information, please contact us at info@landoncapital.net or 404-995-6671 or visit https://landoncapital.net.

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