Opens in a new tab

Breaking news

Meta’s Prediction Market Push Signals A New Phase In Social Engagement

Meta is reportedly exploring a new product inspired by the growing popularity of prediction markets. According to The New York Times, CEO Mark Zuckerberg has approved the early development of a standalone smartphone application internally known as “Arena.”

A Standalone Bet On Engagement

The proposed app would operate separately from Meta’s core social platforms. However, people familiar with the matter told The New York Times that Facebook, Instagram, and other Meta properties could still direct users toward it.

Sources described Arena as “experimental but a top priority.” At this stage, the concept reportedly does not involve real money. Instead, users would earn points for correctly predicting outcomes across selected topics, creating a system that resembles a competitive game. The introduction of financial elements could come at a later stage.

Why Meta Is Paying Attention Now

Prediction markets have evolved rapidly over the past year. Platforms such as Polymarket and Kalshi have generated significant trading volumes and attracted growing attention from investors, users, and regulators.

As of April, activity across the platforms had reached tens of billions of dollars, highlighting demand for markets that allow users to make predictions on politics, economics, culture, and current events. Meta is not the first major technology company to take notice. Last summer, X partnered with Polymarket, reflecting broader interest in prediction markets across the digital platform sector.

Growth Potential Comes With Regulatory Risk

The sector, however, continues to face legal and regulatory scrutiny.

Prediction markets have been linked to allegations involving insider trading, the use of non-public information, and potential conflicts with state gambling laws. One widely reported case involved a former special forces soldier accused of using insider knowledge to profit from an operation targeting Venezuelan President Nicolás Maduro. In another case, former congressman George Santos is under investigation over alleged Kalshi-related trades.

Several U.S. states have also taken legal action against prediction market operators, arguing that certain products may violate gambling regulations.

The Bigger Strategic Question

Meta’s reported interest in Arena comes as digital platforms continue to explore formats that encourage greater user participation. The administration in Washington has taken a relatively favorable view of prediction markets, even as legal disputes surrounding the sector continue. How those regulatory questions evolve could influence the future development of the industry.

For Meta, Arena remains an early-stage project. However, the company’s reported interest highlights the growing attention prediction markets are receiving from some of the world’s largest technology platforms.

Europe’s Deadly Summer Heat Exposed The Cost Of A Warming Continent

Europe experienced its deadliest summer for heat-related deaths on record in 2026, with an estimated 24,400 excess deaths linked to extreme temperatures across 30 countries. Researchers estimate that human-induced climate change was responsible for around 32,000 of the deaths attributed to heat in the study’s broader analysis, accounting for 65% of the total.

The findings highlight the growing public-health consequences of global warming, largely driven by fossil fuel use, as extreme heat becomes more frequent and severe.

A Summer Of Dangerous Heat

Between June and August, heatwaves pushed temperatures in Western Europe to an average of 2.9°C above the 1991–2020 norm, with some days reaching 12°C above average. Nearly a third of estimated heat-related deaths occurred during a particularly intense heatwave between 17 June and 1 July.

“These numbers are a stark reminder that our hotter, more extreme summers are having an increasingly severe impact on public health,” said Dr Clair Barnes, a researcher at Imperial College London and co-author of the study.

The estimated toll exceeded previous peaks of around 29,000 deaths in summer 2022 and 28,000 in 2003 across the region studied.

How Researchers Estimated The Toll

Researchers modelled the relationship between temperature and mortality across 854 urban areas in the EU, UK, Norway and Switzerland, covering around 40% of the population in the 30 countries studied.

The analysis incorporated temperature records, age, socioeconomic conditions, environmental factors and access to healthcare. By comparing actual temperatures with those expected without human-induced warming, the team estimated the additional deaths attributable to climate change.

Final official mortality figures for summer 2026 are not yet available in many countries, and heat-related deaths are often underreported because their effects can be difficult to identify directly.

Older People Face The Greatest Risk

People aged 85 and over accounted for roughly half of the estimated deaths. However, the impact extended across age groups, with around 800 excess deaths among adults aged 20–44 and approximately 6,000 among people under 65.

Southern Europe experienced the highest mortality burden, reflecting hotter temperatures and other vulnerabilities, including air pollution, limited green space and unequal access to healthcare and heat-alert systems.

Italy, France And Spain Record Highest Toll

Italy recorded an estimated 13,303 heat-related excess deaths, followed by France with 7,268 and Spain with 6,824. Germany recorded around 6,340, while the UK saw an estimated 4,354 deaths.

In the UK, the heat also placed significant pressure on healthcare services. Andrew Hartle, Professor of Practice of Anaesthesia at Imperial College Healthcare, said demand during the summer resembled that of a severe winter virus season.

Cities Urged To Strengthen Heat Protection

Researchers say cities can reduce the risks through climate shelters, external shading and building retrofits, alongside measures to help residents avoid exposure during the hottest hours. Checking on vulnerable people, staying hydrated and following heat alerts are also important.

The researchers stress that adaptation must go hand in hand with reducing fossil fuel use to limit further warming. The findings underline that extreme heat is already a major public-health threat across Europe, with thousands of lives at risk each summer.

eCredo
Aretilaw firm
The Future Forbes Realty Global Properties
Uol

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter