tl;dr
PancakeSwap, a decentralized exchange, has integrated Allora Labs' AI model into its prediction market on the Arbitrum network. The AI predicts cryptocurrency price movements, and users can bet on the AI's predictions, earning rewards based on accuracy. This collaboration aims to revolutionize predi...
PancakeSwap, a decentralized exchange, has integrated Allora Labs' AI model into its prediction market on the Arbitrum network. The AI predicts cryptocurrency price movements, and users can bet on the AI's predictions, earning rewards based on accuracy. This collaboration aims to revolutionize prediction markets in the crypto space, enhancing user engagement through AI-driven insights.
Meanwhile, platforms like Polymarket are expanding prediction markets to cover diverse topics beyond cryptocurrencies, garnering significant investments and engagement, including involvement in global events such as elections.
PancakeSwap, a decentralized exchange, has unveiled its AI-powered prediction market on the Arbitrum network. It is driven by the Allora Network’s artificial intelligence model. Integrating Allora’s advanced machine learning models, PancakeSwap now offers predictive capabilities previously unseen in the platform.
Over the last three years, Allora Labs (previously known as Upshot) has developed models that forecast prices for over 400 million assets. This expertise is now available to PancakeSwap users, combining AI-driven insights with an active trading environment.
In this new AI-powered prediction market, users predict the future price movements of cryptocurrencies like Ethereum (ETH). Every 10 minutes, they can forecast whether the price of ETH will rise or fall. Successful predictions allow participants to earn a share of the prize pool, enhancing engagement through AI-enhanced accuracy.
First, AI models from Allora predict asset price movements. Users then place their bets, either supporting or opposing the AI’s predictions. Payouts are based on the AI’s performance, with the structure adjusting over time to maintain fairness and challenge. Currently, PancakeSwap’s prediction market focuses exclusively on cryptocurrency prices.
However, platforms like Polymarket are making a stride in the prediction market. They cover a wide array of topics beyond cryptocurrencies, including culture, technology, sports, and politics. In May, Ethereum co-founder Vitalik Buterin and PayPal co-founder Peter Thiel backed Polymarket with a $70 million investment, highlighting its significance in the prediction market.
More about ZEEKR Intelligent Technology Holding Limited
ZEEKR Intelligent Technology Holding Limited
ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of electric vehicles and batteries.
Industry: Technology
Sector: General
Support Levels: None
Resistance Levels: None
Bullish Trend: 0
Bearish Trend: 0
RSI: 0
Moving Averages: None
Breakouts: 0
Head and Shoulders Pattern: 0
Bollinger Bands: 0
More about Rush Street Interactive Inc
Rush Street Interactive Inc Summary
Rush Street Interactive, Inc. is an online casino and sports betting company in the United States and Latin America. The company is headquartered in Chicago, Illinois.
Industry: TRADE & SERVICES
Sector: SERVICES-MISCELLANEOUS
Sub-Sector: AMUSEMENT & RECREATION
Market Cap: 2095337000
Dividend Yield: None
EPS: None
P/E Ratio: -0.17
Price/Earnings to Growth Ratio: 10.48
Price/Book Ratio: -0.0158
Volume: 746228000
Stock Price: 10.03
Dividend: 0
Yield: 0.888