Solana-based decentralized exchange aggregator Jupiter is gearing up for the full launch of its innovative native prediction market before the end of 2025. The beta version, developed in partnership with Kalshi, allows users to bet on real-world events, with liquidity supplied by Kalshi. This new offering aims to diversify Jupiter’s platform and attract a wider user base.
Jupiter’s chief operating officer, Kash Dhanda, highlighted the growing popularity of prediction markets and their potential to introduce novel on-chain asset types. As of Q3, Jupiter has reported 8.4 million active users, marking a 5% increase from the previous quarter. Dhanda emphasized that expanding the prediction markets will enhance user reach, product synergy, and revenue — benefiting JUP tokenholders in the long term.
The beta currently features a single market focused on the winner of the upcoming Mexico Grand Prix in Formula One, with $120,000 in trading volume since launch. Max Verstappen leads the market with 46% user predictions, followed by Lando Norris at 27%. Jupiter plans to iterate on the product by incorporating user feedback, expanding market offerings, and raising limits ahead of the full launch in Q4 2025.
The prediction market space is rapidly expanding, with significant institutional investments. Notably, Intercontinental Exchange invested $2 billion into Polymarket, valuing it at $9 billion, while Kalshi secured $300 million in Series D funding at a $5 billion valuation, backed by major venture capital firms.
Jupiter’s push into prediction markets reflects broader industry momentum, with weekly trading volumes across platforms surpassing $2 billion, cementing these markets’ growing influence in decentralized finance.
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