Meta employees test prediction-market app, WSJ reports

Nov 13 : Meta Platforms’ employees have begun testing a prediction-market app called Takes, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Here are some details: 

• Employees can wager on the outcome of questions or events using “cred,” short for credibility, rather than real money, the report said

• The app is not available to the public and it is unclear when, if ever, it will be released, according to the report

• Meta did not immediately respond to a Reuters request for comment

• Prediction markets such as Kalshi and Polymarket are drawing Gen Z users, with just over 60 per cent of their users under the age of 35 years, according to a recent S&P Global Market Intelligence Kagan survey