A palindrome in genetics is not like English might be like (word forward=word backwards). Here, it means that the 5' and 3' ends of a nucleotide, usually a restriction enzyme site, are complementary. So, it is 5' CCTAGG 3'. 5' CCT is complementary to the 3' GGA.
This is a hydroboration oxidation reaction of an alkene. Therefore, you add anti markovnikov.