META CONSIDERED BUYING KALSHI BEFORE DEVELOPING ITS OWN PREDICTION MARKET APP

Summary from the TLDR newsletter

Mark Zuckerberg met with Kalshi CEO Tarek Mansour about a possible takeover last year, but the negotiations never advanced. It is unclear why the talks broke down, but some say Mansour would not move forward with a sale and that Meta was concerned about the legal and ethical questions surrounding the business. Meta appears to still want to tap into the prediction market craze. Prediction markets have become one of the fastest-growing parts of the tech industry in recent years.