Meta is testing a prediction market app called Takes with its own staff, using "cred" points instead of money

Meta Platforms has begun testing a prediction market app inside the company, The Wall Street Journal reported on Friday, citing people familiar with the matter, according to The Block. Employees using the app, called Takes, guess the outcomes of events and stake "cred" points instead of money. Correct calls earn more cred, and wrong ones cost points.

The project first surfaced over the summer, when the app was known as Arena. Reports in June said chief executive Mark Zuckerberg had directed employees to build a standalone app based on points, and that Meta had not ruled out real-money betting later. The Journal's latest report does not say whether real-money contracts are still possible, and Meta declined to comment or give a public launch timetable, The Block said.

The test comes as real-money prediction markets Kalshi and Polymarket face state lawsuits accusing them of offering illegal gambling. Both say their event contracts are legal and fall under federal jurisdiction. On the same day, CFTC Chairman Michael Selig criticized states for pursuing criminal charges against prediction market executives and said the dispute should go to the Supreme Court.