Meta Internally Tests Points-Based Prediction Market App Takes

TechFlow reports that on November 14, according to The Block, Meta has begun internal testing of its prediction market application, Takes, with employees. Users can use points instead of real money to predict event outcomes.

According to sources familiar with the matter, the application uses points called cred. Correct predictions earn points, while incorrect ones result in lost points. The project was previously disclosed under the name Arena, and Meta CEO Mark Zuckerberg had previously directed employees to develop an independent prediction market application. Meta did not comment on the timeline for a public launch.