Meta is expected to enter the prediction market service sector with a new smartphone-based app. On the 23rd (local time), the New York Times reported, citing internal sources, that Meta CEO Mark Zuckerberg recently formed a small in-house team and ordered the development of a prediction market app, internally named "Arena." The app will operate separately from Meta's existing social networking services, but Meta plans to draw its vast existing SNS user base as initial users. Sources said Meta is more likely to adopt a points system rather than real-money wagers, but has not completely ruled out introducing real-money betting features in the future. This is not Meta's first prediction market service; it launched "Forecast" in 2020 but shut it down after two years. However, as the transaction aggregates of Polymarket and Kalshi reached $50 billion last year and have already surpassed $130 billion so far this year, the rapid growth of prediction markets appears to be prompting Meta's reentry. Meta insiders said Arena is still in the early stages of development and its actual release remains fluid.