Mark Zuckerberg, chief govt officer of Meta Platforms Inc., exits Los Angeles Superior Courtroom in Los Angeles, California, US, on Wednesday, Feb. 18, 2026.
Kyle Grillot | Bloomberg | Getty Pictures
Meta Platforms CEO Mark Zuckerberg has directed employees to create a prediction market platform, a supply conversant in the corporate’s plans confirmed to CNBC.
The New York Instances was first to report the event on Tuesday.
The supply additionally confirmed to CNBC that the prediction market app wouldn’t not use precise cash to commerce on the platform, a distinction to different prediction markets the place merchants use money to take a position on future occasions.
The Instances report stated Meta’s app would as a substitute depend on a video-game fashion factors system, however that cash could also be used on the app sooner or later.
Two workers with data of the plans informed the Instances the app — referred to internally as “Enviornment” — can be separate from Meta’s social media platforms, Instagram and Fb. Meta would search to leverage its Fb and Instagram consumer base to direct potential merchants to the platform, the report stated.
The corporate declined a request to remark from CNBC.
DraftKings shares Tuesday
Sports activities betting platform DraftKings fell greater than 2% after the report was launched, reaching its low of the day. The inventory was final down 1%. FanDuel mum or dad Flutter Leisure additionally fell practically 2% after the report, however was nonetheless constructive on the day.
Flutter and DraftKings have each struggled over the previous yr on worries about how prediction market platforms — which provide sports-related occasion contracts — may disrupt their sports activities playing companies.
Buying and selling platform Robinhood, which presents contracts from varied prediction market platforms, additionally declined after the Instances report.