PancakeSwap incubates on-chain prediction market Probable, set to launch on BNB Chain

ChainCatcher reported that PancakeSwap has announced the launch and incubation of Probable, a fully on-chain prediction market platform. The project is jointly supported by PancakeSwap and YZi Labs, and will be exclusively deployed on BNB Chain.

According to the introduction, Probable is positioned as a user-centric on-chain prediction platform, featuring zero fees, fully on-chain settlement, and a simplified user experience. The platform will not charge any prediction fees in its initial phase. Leveraging BNB Chain’s low-cost and high-performance infrastructure, it will support users in predicting the trends of crypto assets, global events, sports competitions, and certain region-specific markets.

In terms of mechanism, Probable adopts UMA’s Optimistic Oracle as the event adjudication tool, confirming results through a dispute-based verification method to enhance the transparency and censorship resistance of the prediction market. In addition, users can deposit with any token, and the system will automatically convert it to USDT on 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.