The prediction market is indeed becoming increasingly crowded. Previously, the early team of PancakeSwap launched a new project, and now both former and current teams are involved in prediction markets, which also indicates the market's optimistic outlook on this direction.

Currently, Polymarket and Kalshi have established leading positions. New entrants face significant pressure to differentiate themselves in this track. From an ecosystem perspective, PancakeSwap's community base is so large that if a new project can leverage ecosystem advantages, there are still opportunities in liquidity and user onboarding.

But the key still depends on product design and operational strategy. Prediction markets fundamentally test user base, liquidity depth, and interactive experience. As market competition intensifies, more innovative gameplay or stronger network effects are needed to stand out. The reshuffling in this track has just begun.