Is Zuckerberg eyeing prediction markets again? Meta starts testing Takes!
Meta employees have recently begun internally testing a prediction market app called Takes.
Interestingly, it doesn’t let users bet real money for now. Instead, they use points called “cred”: correct predictions earn points, while incorrect ones lose points.
Meanwhile, the U.S. Congress has begun looking into insider trading in prediction markets and is even discussing restrictions on government officials placing bets.
On one side, tech giants want to bring prediction markets to more users; on the other, regulators worry that people may use inside information to make money.
#Meta #Zuckerberg #Polymarket #PredictionMarkets
Meta employees have recently begun internally testing a prediction market app called Takes.
Interestingly, it doesn’t let users bet real money for now. Instead, they use points called “cred”: correct predictions earn points, while incorrect ones lose points.
Meanwhile, the U.S. Congress has begun looking into insider trading in prediction markets and is even discussing restrictions on government officials placing bets.
On one side, tech giants want to bring prediction markets to more users; on the other, regulators worry that people may use inside information to make money.
#Meta #Zuckerberg #Polymarket #PredictionMarkets