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PancakeSwap launches AI-powered Prediction Market on Arbitrum

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PancakeSwap partners with Allora Network to launch an AI-powered Prediction Market on Arbitrum, allowing users to forecast Ether price movements with high accuracy using advanced machine learning.

Arbitrum users can now predict Ether price movements with PancakeSwap’s AI-powered market, leveraging Allora’s machine-learning data for accuracy.

In an interview with Cointelegraph, Chef Gyoza, Product Manager at PancakeSwap, explained the decision to collaborate with Allora: The payout process is guided by the AI’s accuracy, adjusting over time according to the AI’s performance as users make predictions on the Prediction Market.“PancakeSwap users will be able to follow or oppose the AI’s prediction. With the AI’s performance and record in our tests achieving close to 65% accuracy, users will have to choose when to oppose the AI, which will naturally have higher odds.”

Gyoza explained that the AI prediction is only issued after rounds are locked, preventing manipulation “as users do not express directional positions.”

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