PancakeSwap, YZi Labs Launch Zero-Fee Prediction Market on BNB Chain
A new prediction market platform called Probable is set to launch on the BNB Chain.
Decentralized exchange leader PancakeSwap and venture studio YZi Labs, who are co-incubating the initiative, announced the project on social media today.
A Frictionless Forecast Platform
According to the announcement posts, Probable is looking to distinguish itself in the prediction market space with a commitment to simplicity and cost structure, and will operate with zero prediction fees from its first day.
It plans to support wagers on cryptocurrency price movements, global events, sports, and niche regional occurrences, settling all markets fully on-chain for transparency.
To operate, users can deposit various assets, which the system will automatically convert to USDT for placing forecasts.
The new platform will depend on UMA’s Optimistic Oracle for verifying real-world event outcomes, a system designed to provide tamper-resistant results. PancakeSwap’s involvement provides immediate visibility and credibility, connecting the new service to its large user base.
BNB Chain founder Changpeng “CZ” Zhao acknowledged the launch, as he commented on the growing number of prediction markets on the network.
The Growing Race to Predict the Future
Probable is the latest entrant in a sector that is attracting substantial attention and capital. The space has seen notable developments in recent months, pointing to increased mainstream and institutional interest. Earlier in the year, Kalshi, one of the more well-known platforms, secured $185 million in funding led by Paradigm, which pushed its valuation to $2 billion.
More recently, the Intercontinental Exchange (ICE), which owns the New York Stock Exchange, announced an investment of up to $2 billion in the decentralized platform Polymarket, alongside serving as the global distributor of its event-driven data.
Additionally, in late October, Trump Media’s Truth Social and Crypto.com revealed plans to bring prediction markets to a social media audience, demonstrating the widening appeal of the concept. At the time, Crypto.com co-founder and CEO Kris Marszalek forecasted that prediction markets had the potential to become “a multi-deca-billion dollar industry.”
The post PancakeSwap, YZi Labs Launch Zero-Fee Prediction Market on BNB Chain appeared first on CryptoPotato.
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