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Will Meta expand fraud-combatting partnerships to other countries by the end of 2024?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Meta's official announcements and press releases
Story
Meta Launches First-of-Its-Kind Partnership with UK Banks to Combat Fraud
Oct 2, 2024, 08:12 AM
Meta has announced a new, first-of-its-kind initiative to combat fraud on its social media platforms by partnering with UK banks. The company has taken down approximately 8,000 'celeb bait' scam ads from Facebook and Instagram. This effort is part of a broader data-sharing pact aimed at countering scams. Additionally, Meta is working with Australian banks on similar initiatives to address fraudulent advertisements.
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Similar markets
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Facial Recognition • 25%
AI-based Content Moderation • 25%
User Reporting System • 25%
Other • 25%
Acknowledges issue and takes action • 25%
Denies issue and takes no action • 25%
Acknowledges issue but takes no action • 25%
Denies issue but takes action • 25%
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No • 50%
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No • 50%