Multiple reports say Meta Platforms, led by CEO Mark Zuckerberg, is working on a prediction markets application intended to compete with established U.S.-focused platforms such as Polymarket and Kalshi. The disclosures point to prediction markets’ rapid growth into a large trading business, drawing users globally and generating billions of dollars in monthly activity. One report cites figures indicating that combined monthly global trading volume on Kalshi and Polymarket reached about $24 billion in April 2026. Another report describes Meta’s effort as a move to enter the sector, framing it as an effort to build an app similar in purpose to existing prediction market products. The articles do not provide additional confirmed details about Meta’s product design, launch timeline, regulatory approach, or how it would differentiate from current operators. For now, the reports present Meta’s work as an apparent new competitive challenge in a market that already has substantial traction among traders.