PancakeSwap Expands Prediction Market to Include Bitcoin and Ethereum

PancakeSwap, a decentralized exchange, has added Bitcoin and Ethereum to its prediction market feature. This allows users to predict the price movements of these assets in five-minute rounds, expanding beyond the existing BNB market.

Key Features

The prediction feature operates on the BNB Chain.
Users bet if the asset’s price will rise ("UP") or fall ("DOWN").
BNB is used for predictions, with a minimum entry of 0.001 BNB.
Total prize pool grows as more bets are placed, influencing reward multipliers.
Winners claim rewards immediately after each round.
A 3% fee on winning bets contributes to CAKE token burn weekly.

Market Dynamics

PancakeSwap's model offers short-term, binary outcomes similar to binary options.
Designed for high user engagement through its gamified approach.
Especially suited for volatile assets like BNB, which recently hit $907.33.