One character from The Matrix franchise is even older than The Oracle and was around long before any of the pre-Neo candidates for The One.
By expanding the franchise's lore, the Matrix sequels took some big risks, some of which resulted in plot holes and headscratchers. This includes Neo somehow having powers in the real world.
Will Smith on why he turned down the epic cultural phenomenon that the Warchowskis’ The Matrix went on to become. And did Wild Wild West instead.