PancakeSwap Suspends Prediction Market Due to Arbitrum API Error

IconCryptoNewsTerminal Staff09 Jul, 2024

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PancakeSwap Suspends Prediction Market Due to Arbitrum API Error

PancakeSwap, a popular decentralized exchange (DEX), has temporarily suspended its Arbitrum-based prediction market service due to an ongoing API error. The issue was announced via PancakeSwap's official Twitter account, stating that the DEX is collaborating with decentralized AI network Allora Network to resolve the situation. PancakeSwap launched its prediction market service on Arbitrum on June 26, allowing users to make predictions on various market events and earn rewards. However, the recent API error has caused the suspension of the service until the issue is resolved. PancakeSwap users are advised to monitor the official channels for updates on the status of the prediction market service. The DEX has not yet provided a timeline for the resumption of the service.

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