Key facts
- Employees wager on the outcome of questions or events using "cred," short for credibility, not real money, per the Journal.
- The Takes app is not available to the public, and the Journal reported it is unclear when, if ever, it will be released.
- Meta did not immediately respond to a Reuters request for comment on the Journal report.
Meta Platforms employees have begun testing a prediction-market app called Takes, the Wall Street Journal reported on November 13, citing people familiar with the matter. Prediction markets let users trade on the outcome of questions or events.
According to the Journal, employees can wager on outcomes using "cred," short for credibility, rather than real money. The app is not available to the public, and the report said it is unclear when, if ever, it will be released.
Meta did not immediately respond to a Reuters request for comment. The Journal also cited a recent S&P Global Market Intelligence Kagan survey finding that just over 60% of users of prediction markets such as Kalshi and Polymarket are under the age of 35.