Does Hunt on Reckoner's Arena resolve twice?

To determine if the Hunt keyword resolves twice when holding at Reckoner's Arena, we must analyze the interaction between the Hold action, the Reckoner's Arena battlefield ability, and the definition of Hunt.

The Ruling

Yes, a unit with Hunt will trigger its Hunt ability twice when you perform a "Hold" action at Reckoner's Arena.

Reasoning

1. The Nature of Hunt: According to Rule 823.1.b, Hunt is "both a Conquer and a Hold effect." Rule 823.1.c.1 defines Hunt as: "When I Conquer or Hold, my controller gains X XP."
2. The "Hold" Trigger: When you perform a "Hold" action at Reckoner's Arena, you are fulfilling the "Hold" condition of the Hunt keyword. This places the Hunt ability on the chain as a triggered ability (Rule 383.3).
3. The "Conquer" Trigger: Reckoner's Arena has the ability: "When you hold here, activate the conquer effects of units here." As established in FAQ 8550, 9002, and 9342, this ability forces the "When I conquer" abilities of units present to trigger. Because Hunt is explicitly defined as a "Conquer effect" (Rule 823.1.b), the Arena's ability forces the "Conquer" portion of the Hunt keyword to trigger as a separate event.
4. Precedent: This follows the logic established in FAQ 7492 and FAQ 1341. When a single card or keyword possesses multiple triggers (or is treated as such via effects like Skyfall of Areion), and an external effect (like Reckoner's Arena) forces the activation of one of those triggers while the other is met naturally, both triggers are placed on the chain.

Sequence of Events

1. Action: You perform a "Hold" action at Reckoner's Arena.
2. Trigger 1 (Hold): The "Hold" condition of the Hunt keyword is met. The Hunt ability is placed on the chain.
3. Trigger 2 (Conquer): Reckoner's Arena's ability triggers: "activate the conquer effects of units here." This forces the "Conquer" condition of the Hunt keyword to trigger. A second instance of the Hunt ability is placed on the chain.
4. Resolution: Both instances of the Hunt ability resolve from the chain (LIFO), resulting in the controller gaining the Hunt value in XP twice.

This is my interpretation based on the provided rules and the precedent set by FAQ 1341 and FAQ 7492 regarding how Reckoner's Arena interacts with multi-trigger keywords.