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Meta employees test prediction-market app, WSJ reports

Reuters
Meta employees test prediction-market app, WSJ reports

Nov 13 (Reuters) - 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% of their users under the age of 35 ‌years, ​according to a recent S&P Global Market Intelligence Kagan survey

(Reporting by Prathik Jayaprakash in ‌Bengaluru; Editing by Leroy Leo)