Meta and Snap said to be building Polymarket competitors
Meta and Snap are each reportedly building prediction-market products to compete with Polymarket, according to a tech industry newsletter cited by Wheresyoured.at. The premium post offers no details on timing, features, or regulatory approach. Separately, a Verge video posted to Facebook suggests Meta may be preparing to copy Polymarket's model, framing it as consistent with Meta's history of replicating successful products. Both reports lack concrete specifics on product development or launch plans. The claims arrive amid recent coverage of Meta's Arena, an experimental play-money prediction-market app, and reports that Zuckerberg has directed the company to explore partnerships with Polymarket and Kalshi.
Meta ships a standalone real-money product, Polymarket and Kalshi would face a CFTC-regulated rival with nearly 3 billion daily users and zero acquisition cost. Even a play-money launch would force the two platforms to defend their user base against free distribution at unmatched scale.