Meta reportedly held acquisition talks with prediction market Kalshi before building its own app
Meta reportedly explored acquiring prediction market operator Kalshi in 2025, with CEO Mark Zuckerberg meeting Kalshi founder Tarek Mansour for discussions. The talks never advanced beyond an early stage, with differing accounts on why the deal fell through. Meta subsequently developed its own prediction market app called Arena, which will use virtual bets rather than real-money bets. The reported discussions occurred during a period of explosive growth for prediction markets, which attracted billions of dollars in trading volume.
Key quotes
Sources familiar with the discussions told NPR that Meta chief executive Mark Zuckerberg met Kalshi founder and chief executive Tarek Mansour in 2025 to discuss a potential acquisition.
The talks reportedly never advanced beyond an early stage, with differing accounts emerging over why a deal failed to materialise.
The reported discussions took place as prediction markets experienced explosive growth, attracting billions of dollars in trad
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