PancakeSwap Incubates On-Chain Prediction Market Probable, Set to Launch on BNB Chain

In a recent announcement, PancakeSwap revealed the launch and incubation of the on-chain prediction market platform Probable, supported by PancakeSwap and YZi Labs (formerly Binance Labs), exclusively deployed on the BNB Chain.

Probable is positioned as a user-centric on-chain prediction platform, focusing on zero fees, on-chain settlement, and simplified user experience. Initially, the platform will not charge prediction fees, leveraging the low-cost and high-performance infrastructure of BNB Chain to support users in predicting trends of crypto assets, global events, sports events, and some regional markets.

At the mechanism level, Probable utilizes UMA's Optimistic Oracle as an event resolution tool, implementing result confirmation through dispute-based verification to enhance the transparency and censorship resistance of the prediction market. Additionally, users can deposit any token, which will automatically be converted to USDT on the BNB Chain for prediction participation, reducing the barrier to entry.

PancakeSwap stated that Probable is an independent project, with its team advancing product development and ecosystem expansion with the support of PancakeSwap and YZi Labs. The prediction market is expected to officially launch in the near future.

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