Binance To Rival Polymarket, Kalshi With Zero-Fee Prediction Market
Binance’s ecosystem is moving into prediction markets as a PancakeSwap (CRYPTO: CAKE)-backed platform prepares to launch on BNB Chain (CRYPTO: BNB), challenging Polymarket and Kalshi.
PancakeSwap Unveils Probable On BNB Chain
PancakeSwap on Tuesday unveiled Probable, a new prediction markets platform set to launch exclusively on BNB Chain and backed by YZi Labs.
The platform designed to let users predict outcomes tied to cryptocurrency markets, global events, sports and regional topics.
According to a PancakeSwap blog post, the platform aims to offer a simplified experience with fast settlement and transparent pricing.
At launch, Probable will not charge platform fees and will automatically convert deposited tokens into USDT on BNB Chain.
Users will not need to bridge or manually swap assets to participate, lowering friction for new entrants.
Oracle-Based Settlement And Independent Structure
The platform will rely on UMA’s Optimistic Oracle to verify outcomes and settle contracts.
PancakeSwap said it is helping with early incubation but described Probable as an independent project with its own roadmap.
The company …
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