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11/14/2026

Meta Tests Employee Predictions as DOJ Secures $1.2B Seizure Authorization

What happened: Meta is testing an employees-only prediction app called Takes, previously named Arena, using cred points rather than real money, according to reporting published November 13.

Meta Tests Employee Predictions as DOJ Secures $1.2B Seizure Authorization

What happened: Meta is testing an employees-only prediction app called Takes, previously named Arena, using cred points rather than real money, according to reporting published November 13. Separately, the US Justice Department obtained court authorization to seize more than $1.2 billion linked to a Binance theft attributed to North Korea's TraderTraitor group; investigators and private virtual-asset service providers had frozen more than $2.7 billion overall. Authorities also disrupted the separate FaceStealer operation, which was linked to approximately $400 million in crypto theft over 18 months.

Why it matters: Meta's internal, points-based test provides evidence of product experimentation, but it does not establish a public launch, a real-money offering or direct competition for customer funds. The enforcement story requires equally careful distinctions: seizure authorization is a legal step, while frozen assets and completed recoveries describe different outcomes and should not be added together. Binance is the victim in the reported theft, and the authorized amount is a subset of the broader frozen total rather than an additional recovery.

Sources: The Block; CyberScoop.