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Mark Zuckerberg directed Meta to create a prediction markets app

64 points by dgellow

by autoexec

0 subcomment

He wants to collect and profit from insider info by joining in on the newest unregulated gambling scheme. I'm sure plenty of cheaters and suckers will be happy to make him more money.

by NikxDa

5 subcomments

I can‘t help but wonder what goes on inside of the upper management of these big companies, and why nobody ever stops for a moment to think about whether what they are up to does any good for the end users beyond making more money.
But then again, this is very on brand for Meta/Zuck, so I‘m not surprised.

by ElProlactin

0 subcomment

Polymarket: "Trade on anything."
Kalshi: "Trade the Future."
Meta Arena: "They 'trust me.' Dumb f^^ks."

by throwa356262

1 subcomments

by seydor

1 subcomments

They even call it "Arena". The place where gladiators kill each other, lions eat christans , criminals are exectuted brutally and animals are hunted. What an apt name chosen by the most moral company of our times.

by sometimelurker

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I wonder how/if they'll use AI for this. maybe this would give them access to some very highquality pretrain data (like who made which bet on what at what time), which I can definitely imagine them needing. I've heard they have a lot of spare compute they run experiments on, and if this goes well for them maybe they could make a really good prediction bot

0 subcomment

by cdrnsf

0 subcomment

This will fail, he'll throw money at Kalshi and or Polymarket and, if he acquires either, chase some sort of regulatory capture scheme.

by nertzy

1 subcomments

by Ancalagon

3 subcomments

Holy mimic batman - Mark, its ok to have a little of your own innovation and not copycat nor buy every single good idea.

0 subcomment

by wnevets

1 subcomments

by Aboutplants

1 subcomments

So many baby boomers are about to lose their savings. Meta knows their bread is buttered by the 55+ age group and capitalizing on the vulnerable social media addicted elders will be extremely profitable.

by etothet

10 subcomments

I've always felt that Mark Zuckerberg got lucky with Facebook and that he has no real lasting talent as a technologist or visionary. He seems to attempt to chase the latest "it" thing and has very few original ideas that actual stick long-term. He's quite the charlatan.