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Mark Zuckerberg has tasked a small Meta team with building Arena, a prediction markets app set to rival [Polymarket and Kalshi(https://yellow.com/news/polymarket-corners-world-cup-kalshi-fees), the sector's two biggest names. Key Points: Zuckerberg has directed a small Meta team to build Arena, a st

Charles Schwab plans to enter the prediction markets business with yes-or-no options contracts tied to the S&P 500, partnering with Cboe Global Markets. Key Points: Schwab will offer binary options letting clients bet on whether the S&P 500 finishes above or below a set level. The product arrives in

Kalshi has held early talks with investment banks about a future stock listing after its annualized revenue tripled past $2 billion. Key Points: Kalshi has reportedly held informal IPO discussions, though no public listing has been announced. Its annualized revenue tripled past $2 billion, lifted la

Traders on Polymarket have poured more than $2.6 billion into a single market betting on which nation lifts the 2026 World Cup trophy, the platform's largest sports wager ever. Key Points: Polymarket's World Cup Winner market has drawn over $2.6 billion in trades during the group stage. France leads

Traders on prediction platform Kalshi are pricing 69% odds that Bitcoin (BTC) sinks to $50,000 before it climbs back to $100,000. Key Points: Kalshi's prediction market is pricing 69% odds that Bitcoin reaches $50,000 before $100,000. The figure reflects trader positioning on the platform, not a con