Meta had initially proposed acquiring prediction market platform Kalshi before deciding to develop its own standalone prediction market app.
That’s according to a report by NPR, citing sources familiar with the discussions.
Meta’s Chief Executive reportedly met with Kalshi’s Chief Executive back in 2025 to discuss a potential acquisition. However, negotiations did not progress, with sources offering different explanations, including disagreements over a sale and concerns about legal issues.
Although the acquisition did not proceed, the two companies announced a partnership in March 2026 that allowed Kalshi markets to be integrated on Meta’s social media platform Threads.
Meta has since begun developing its own prediction market app Arena.
