Meta has initiated internal trials among staff members for a prediction market platform that allows participants to wager on future event results without risking actual funds, The Wall Street Journal reported on Friday.
Known currently as Takes, the application utilizes ‘cred’ points for wagering, as stated in the coverage referencing individuals knowledgeable about the project. Comparable to existing popular prediction markets relying on fiat, accurate forecasts on Takes accumulate cred, whereas incorrect ones subtract points.
This trial period succeeds June reports indicating that Chief Executive Officer Mark Zuckerberg instructed personnel to develop a dedicated forecasting application centered around a points mechanism, though Meta previously kept open the prospect of integrating cash wagering down the line. Back then, the software was referenced as Arena.
The Journal publication does not specify whether cash-based wagering contracts are still under consideration. Meta chose not to provide a statement or outline a schedule for a consumer launch.
The development coincides with cash-backed exchanges such as Kalshi and Polymarket encountering legal actions from state authorities alleging they operate unlawful gambling services. These platforms argue that their event-based contracts are lawful and fall under federal regulatory authority.
During an appearance at the Cantor Convergence event on Friday, Commodity and Futures Trading Commission Chairman Michael Selig condemned state authorities for initiating criminal proceedings against prediction market leadership, suggesting that these conflicts ought to be elevated to the Supreme Court.
“One party claims it is gambling, another claims it constitutes a derivative,” Selig remarked. “Such matters should not carry the penalty of imprisonment.”
Originally published at https://www.theblock.co/news/markets/2026-11-13-meta-tests-prediction-market-app-using-cred-points-instead-cash-wsj-440215.
