PancakeSwap launches on-chain prediction market Probable, and will go live on BNB Chain

PancakeSwap announces the launch and incubation of the on-chain prediction market platform Probable, which is jointly supported by PancakeSwap and YZi Labs, and will be exclusively deployed on the BNB Chain.

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

On the mechanism level, Probable uses UMA's Optimistic Oracle as the event adjudication tool, achieving result confirmation through a dispute-based verification method to enhance the transparency and censorship resistance of the prediction market. Additionally, users can recharge with any token, and the system will automatically convert it to USDT on the BNB Chain for participation in predictions, lowering the operational threshold.

PancakeSwap stated that Probable is an independent project, and its team will advance product implementation and ecosystem expansion with the support of PancakeSwap and YZi Labs. The prediction market is expected to officially launch soon.