Meta CEO Mark Zuckerberg has directed staff to create a prediction markets platform, a person familiar with the company's plans confirmed to CNBC. The New York Times first reported the development on Tuesday. The prediction markets app would not use actual money to trade, instead relying on a video game-style points system, though money may be used in the future. The app, referred to internally as "Arena," would be separate from Instagram and Facebook, but Meta would seek to leverage its Facebook and Instagram user base to direct potential traders to the platform. The company declined a comment request from CNBC. In response to the report, sports betting platform DraftKings fell more than 2%, reaching its low of the day and ending off 2%. FanDuel parent Flutter Entertainment also fell nearly 2% after the report, but was still positive on the day, up 0.4%. Trading platform Robinhood also declined after the Times' initial report.