A new no-fee prediction market, Probable, comes to BNB Chain with support from PancakeSwap and YZi Labs
A new prediction market platform called Probable is set to launch on BNB Chain.
PancakeSwap, a leader in decentralized exchanges, and venture capital studio YZi Labs, which are co-incubating the initiative, announced the project on social media today.
A frictionless forecasting platform
According to the announcement articles, Probable seeks to distinguish itself in the prediction market by committing to simplicity and cost structure, and will operate without prediction fees from day one.
“Probable provides real predictions at no cost,” the team wrote in a Medium post. “No platform fees, no hidden fees.”
It plans to support betting on cryptocurrency price movements, global events, sports, and niche regional events, settling all markets fully on-chain for transparency.
To work, users can deposit various assets, which the system will automatically convert to USDT to make forecasts.
“We believe prediction markets should be simple, transparent, and open to everyone,” the team said on X. “Probable is designed to make on-chain predictions faster, easier, and more accessible.”
The new platform will depend on UMA’s Optimistic Oracle to verify the results of real-world events, a system designed to provide tamper-proof 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, commenting on the growing number of prediction markets on the network.
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The growing race to predict the future
Probably is the latest entrant into an industry that is attracting a lot of attention and capital. The space has seen notable developments in recent months, reflecting increased interest from the general public and institutions. Earlier this year, Kalshi, one of the best-known platforms, secured $185 million in funding led by Paradigm, which pushed its valuation to $2 billion.
Most recently, the Intercontinental Exchange (ICE), owner of the New York Stock Exchange, announced an investment of up to $2 billion in decentralized platform Polymarket, in addition to serving as a global distributor of its event 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 concept’s growing appeal. At the time, Kris Marszalek, co-founder and CEO of Crypto.com, predicted that prediction markets had the potential to become “a multi-deca trillion dollar industry.”
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