PancakeSwap and YZi Labs launch a zero-fee prediction market on BNB Chain

A new zero-fee prediction market, Probable, comes to BNB Chain with support from PancakeSwap and YZi Labs

A new prediction market platform called Probable will be launched on the BNB Chain.

Decentralized exchange leader PancakeSwap and venture studio YZi Labs, which are co-incubating the initiative, announced the project on social media today.

A frictionless forecasting platform

According to the announcement posts, that’s likely to look to differentiate itself in the prediction market space with a commitment to simplicity and cost structure, and will operate with no prediction fees from day one.

“Probable delivers 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 regional niche events, making all markets fully aligned for transparency.

Nasty operateallows users to deposit various assets, which the system automatically converts to USDT for posting forecasts.

“We believe that prediction markets should be simple, transparent and open to everyone,” said the team at X. “Probable is built to make in-chain predictions faster, easier and more accessible.”

The new platform will rely on UMA’s Optimistic Oracle to verify the outcomes of real-world events, 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 did commented on the growing number of prediction markets on the network.

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The growing race to predict the future

Probable is the latest entrant into an industry that is attracting significant attention and capital. The space has seen notable developments in recent months, indicating increased mainstream and institutional interest. Earlier this year, Kalshi, one of the better known platforms, secured $185 million in funding led by Paradigm, bringing its valuation to $2 billion.

More 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-driven data.

Additionally, Trump Media’s Truth Social and Crypto.com unveiled plans in late October to bring prediction markets to social media audiences, 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-tens of billion dollar industry.”