Pancakeswap just launched in beta their very own prediction market by using Chainlink as its price oracle. Aptly named Prediction, BSC users of the CAKE platform can now bet on whether the price of BNBUSDT will go UP or DOWN, directly from their app dashboard.
The way it works is by letting BSC users enter a position in 5 minute rounds, and at the end collect or lose the amount of BNB they waged. A live chart is available in order for investors to better gauge the market, and 3% of each round total pot will go back to the Pancake Treasury.
Pancakeswap expects the Prediction portion of the app to bring its users another reason to up onboard what is gearing up to be the largest AMM in crypto.
If you’d like to check it out for yourself, you can find it by navigating to https://pancakeswap.finance/prediction.
