Meta Reportedly Develops Arena Prediction Market App After Reality Labs Losses Near $90 Billion

Meta is reportedly developing a points-based prediction market app called Arena following Reality Labs losses that have reached nearly $90 billion. According to NS3.AI, the app would allow users to make forecasts on topics including politics, sports, and world affairs using points rather than money. The report links the effort to Meta’s broader push to explore new consumer products as its Reality Labs unit continues to post large cumulative losses. The prediction market sector is expected to see annual trading volume exceed $130 billion, the report said. However, it also noted that prediction markets face regulatory scrutiny, which could affect how such products are designed and where they can operate.