Jupiter Unveils Beta Version of Prediction Market on Solana
Lawrence Jengar Oct 22, 2025 07:42
Jupiter, a Solana DEX aggregator, launches a beta version of its prediction market, focusing initially on the Mexico Grand Prix, marking a significant step in decentralized finance.
Jupiter, a decentralized exchange aggregator operating on the Solana blockchain, has announced the launch of a beta version of its innovative prediction market, according to CoinMarketCap. This new platform, developed in collaboration with Kalshi, marks Jupiter's first foray into the prediction market sector, a rapidly expanding segment within decentralized finance (DeFi).
Beta Market Focuses on Mexico Grand Prix
The initial offering of Jupiter's prediction market centers around the Mexico Grand Prix, allowing participants to place bets on the outcomes of the Formula 1 race. This move is seen as a strategic entry point into a niche yet promising area of blockchain technology, where users can leverage decentralized platforms to engage in speculative betting.
Growth of Prediction Markets
As Jupiter's prediction market enters its beta phase, the broader sector continues to witness robust growth. The total value locked (TVL) across various prediction market platforms has surged to $241.9 million, underscoring the increasing interest and investment in these types of blockchain applications.
Strategic Partnership with Kalshi
Jupiter's collaboration with Kalshi, a platform known for its regulatory compliance and innovative approaches to event-based markets, is expected to enhance the credibility and functionality of its prediction market. This partnership is likely to attract users who are interested in participating in a regulated and secure environment.
For further details on this development, you can visit the official announcement on the CoinMarketCap website.
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