Meta considered buying Kalshi before developing its own prediction market app
Mark Zuckerberg met with Kalshi's CEO last year about a potential deal, but talks did not move forward. Now Meta is making its own prediction market app.
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Exclusive Technology Meta considered buying Kalshi before developing its own prediction market app June 30, 20264:33 PM ET Bobby Allyn Left: Meta CEO and Chairman Mark Zuckerberg arrives at Los Angeles Superior Court in February. Right: Tarek Mansour, co-founder of Kalshi, at the Semafor World Economy Summit in April. Patrick T. Fallon/AFP and Aaron Schwartz/Bloomberg via Getty Images hide caption toggle caption Patrick T. Fallon/AFP and Aaron Schwartz/Bloomberg via Getty Images Before Meta CEO Mark Zuckerberg directed employees to build a standalone prediction market app, he proposed buying Kalshi, the leading company in the prediction market sector, according to three people with knowledge of the discussions who were not authorized to speak publicly.
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