CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

Meta employees test prediction-market app, WSJ reports

By Reuters News

Nov 13 (Reuters) - Meta Platforms' META.O 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

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.