Predict Market Probable is about to launch, co-incubated by PancakeSwap and YZi Labs

BlockBeats News, December 16th, PancakeSwap announced the launch of a new on-chain prediction market called Probable. The project, incubated by PancakeSwap in collaboration with YZi Labs, is set to go live soon and will be exclusively deployed on the BNB Chain. Probable focuses on zero fees and a fully on-chain prediction experience, covering cryptocurrency trends, global events, sports events, and various other region-specific markets rarely seen on platforms.

According to the introduction, Probable will initially not charge any prediction fees, leveraging the low-cost, high-performance infrastructure of the BNB Chain to provide users with fast and transparent prediction services. The platform uses UMA's Optimistic Oracle as the core oracle mechanism to verify event outcomes in a dispute-driven manner, ensuring the security and trustworthiness of market settlements.

Furthermore, Probable supports users to deposit any token, which will be automatically converted to USDT for prediction, eliminating manual conversion and cross-chain operations, thus lowering the entry barrier.