Bookies Pioneering New Era for Prediction Markets on Farcaster
Bookies Pioneering New Era for Prediction Markets on Farcaster
🔥 Mind-Blowing Prediction Markets
Bookies, a new prediction market platform built on the Base blockchain and secured by the Optimistic Oracle, has launched an integration with Farcaster. This integration allows users to interact with prediction markets directly from their Farcaster feed, enabling a new level of accessibility and convenience for participating in these markets. Bookies is particularly focused on sporting events, providing users with exposure to various sporting events through their Farcaster feed. The team behind Bookies will be hosting a Space session to provide more details and insights about this integration.
Bookies is pioneering a new era for prediction markets. Built on @base and secured by the OO, Bookies enables users to interact with markets like never before — straight from their @farcaster_xyz feed. Read all about it here: medium.com/uma-project/bo…
Our first integration on @base is live. Bookies is @farcaster_xyz native, giving users exposure to sporting events directly from their feed. Tune into our Space tomorrow for all the alpha: x.com/i/spaces/1rmGP…
UMA Docs Enhanced with AI Search Capability
UMA has integrated AI search functionality into their documentation, making it easier to learn about their Optimistic Oracle system. The Optimistic Oracle has proven highly reliable, with over 50,000 processed assertions and a 98% undisputed rate. This system enables developers to secure verifiable truth and data on-chain for their applications. Key features: - AI-powered documentation search - Over 50,000 successful assertions processed - 98% undisputed rate - Blockchain truth verification capabilities Learn more about building with UMA's Optimistic Oracle at [UMA Documentation](https://docs.uma.xyz/)
UMA Protocol Implements Two Major Upgrades: UMIP-185 and UMIP-186
Two significant upgrades have been implemented in the UMA Protocol: - **UMIP-185**: Optimistic oracle now uses hash and pointers instead of full ancillary data, reducing onchain data and gas costs - **UMIP-186**: Settlement Price Approval Threshold (SPAT) increased from 50% to 65%, requiring stronger consensus for dispute votes The SPAT change affects only contentious cases (2% of total votes). In 2025, only 6 out of 291 votes would have been impacted. This upgrade strengthens security for high-stakes decisions while maintaining efficiency. Learn more about SPAT changes: [UMA Discourse](https://discourse.uma.xyz/t/increase-spat-to-65/2177)
UMA Adds Early Proposal Warning to Reduce Disputes
UMA is implementing a new warning system to address the issue of premature proposals leading to disputes. - A warning message will now appear before proposers can sign - This change aims to reduce the number of disputed proposals - The warning helps educate proposers about optimal timing For detailed information about early proposals and P4 timing, check out UMA's comprehensive guide: [What is P4 and Why Does it Matter?](https://blog.uma.xyz/articles/what-is-p4)
UMA Optimistic Oracle Maintains 98.11% Undisputed Rate with Over 46K Proposals
The UMA Optimistic Oracle continues to demonstrate robust performance with a 98.11% undisputed proposal rate. Key metrics include: - 46,718 total onchain proposals - Over 525 unique proposers - 80% of disputes stem from premature submissions (P4 - Too Early) The oracle system enables users to secure prediction market outcomes and other onchain assertions through natural language statements. View detailed metrics: [UMA Oracle Dashboard](https://dune.com/risk_labs/uma-oo-metrics) *Want to become a proposer? Visit [oracle.uma.xyz/propose](oracle.uma.xyz/propose)*
Prediction Markets: From Ethereum Whitepaper to Modern DeFi Trend
Prediction markets, originally mentioned in the Ethereum Whitepaper, have emerged as a significant DeFi trend in 2024. Key developments include: - Goldman Sachs now incorporates prediction market data in financial analysis - Polymarket leads innovation while Robinhood recently added US election trading - Markets cover diverse areas from politics to sports - Provides real-time public sentiment analysis without intermediaries The technology enables transparent, decentralized forecasting across various sectors, marking a significant evolution from concept to practical implementation. Learn more about gas rebates and voting processes at UMA's blog.