Solana-based decentralized exchange aggregator Jupiter is gearing up to fully launch its new native prediction market, developed in partnership with Kalshi, by the end of 2025. The beta version of the Jupiter Prediction Market was recently released, offering users the opportunity to bet on real-world events with Kalshi providing liquidity for the platform.
Jupiter’s Chief Operating Officer, Kash Dhanda, shared with Cointelegraph that the company’s strategy is to offer a diverse range of assets within a single platform. Prediction markets present a significant opportunity to attract new users while expanding the types of on-chain assets available. With 8.4 million active users reported in Q3, a 5% increase from the previous quarter, Jupiter sees prediction markets as a way to further broaden its reach and enhance revenue, ultimately benefiting JUP tokenholders.
Currently, the beta market features a single event: predicting the winner of the upcoming Formula One Mexico Grand Prix. The market has already surpassed $120,000 in volume since launch, with Max Verstappen favored by nearly 46% of users and Lando Norris second at 27%. Jupiter plans to expand available markets and increase contract limits based on user feedback ahead of the full launch planned for Q4.
This move comes amid a surge of institutional interest in prediction markets, with platforms like Polymarket and Kalshi securing substantial investments and reaching record trading volumes. As the prediction market sector continues to grow rapidly, Jupiter aims to capitalize on this momentum by integrating innovative offerings on the Solana blockchain.
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