Meta internal testing points system prediction market application Takes

According to The Block, Meta has begun internal testing of a prediction market application called Takes, where users can use points instead of real money to predict event outcomes.

According to insiders, the application uses points called cred, and users earn points for correct predictions while losing points for incorrect ones. The project was previously revealed under the name Arena, and Meta CEO Mark Zuckerberg had asked employees to develop an independent prediction market application. Meta did not comment on the timeline for a public launch.