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 […]
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Meta employees test prediction-market app, WSJ reports
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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)