
nik
84 posts

nik
@fullportnik
markets and degen trading 👨💻ex-palantir 🎓dropped out 📍nyc



News: Meta is currently building a prediction markets app to rival Polymarket and Kalshi, according to sources the app, currently called "Arena," will be a standalone offering and was ordered up by Mark Zuckerberg w/ @yaffebellany nytimes.com/2026/06/23/tec…

$META is working on a standalone prediction markets app internally called “Arena,” per NYT. Zuckerberg reportedly directed a small team to build the app after the rise of Polymarket and Kalshi. Users would likely predict outcomes with game-like points instead of money at launch, though Meta has not ruled out real-money betting later. NYT says Meta aims to grow Arena by leveraging its Facebook, Instagram, WhatsApp and Messenger audiences. NYT says the effort is experimental and may not be released.






Pyth Network Suffers Hermes and Core Feed Downtime Pyth Network reported an outage affecting Pythnet/Hermes, disrupting its core price feeds and sponsored feeds for over four hours. The team said validators are coordinating a restart after identifying the root cause of the issue. The incident may affect DeFi protocols relying on Pyth oracle data for trading, lending, and liquidation operations.

the main problem with prediction markets: existing infra is not built for traders. it's primarily optimized for marketing. we're transforming our in-house infra to a platform enabling traders and institutional liquidity providers introducing: Yai Markets, the DeFi native liquidity infrastructure for digital markets. starting with Predictions. yaicapital.substack.com/p/introducing-…















