Meta Tests Takes Prediction Market App With Virtual Cred Points

Meta employees have begun testing Takes, a prediction market app the company is developing. According to The Wall Street Journal, employees use virtual points called Cred to predict event outcomes and answer questions during the trial. Meta’s Takes App Could Rival Polymarket and Kalshi Correct predictions increase an employee’s Cred balance, and incorrect picks cost points.

Employee testing often precedes product releases at Meta, but the timing of any public rollout for Takes remains unclear. A launch could put Meta in competition with Polymarket and Kalshi. Users on those platforms trade contracts linked to event outcomes and can gain or lose real money when the contracts settle.

Whether Takes would allow cash wagers or retain the points system from the employee trial remains an open question. How Meta’s Takes Faces Regulatory Scrutiny Details of the proje… Read The Full Article Meta Tests Takes Prediction Market App With Virtual Cred Points On Coin Edition.