Meta considered buying Kalshi before developing its own prediction market app

Meta's Mark Zuckerberg had discussions with Kalshi's CEO about acquiring the prediction market startup last year, but those talks didn't pan out, leading Meta to develop its own prediction market app. This move underscores Meta's strategy to innovate and dominate emerging digital trends, even when it comes to potential acquisitions. The development of its own app suggests Meta's commitment to controlling its own ecosystem, which could have significant implications for how prediction markets are structured and regulated in the future.