Lawrence Jengar
Oct 22, 2025 07:42
Jupiter, a Solana DEX aggregator, launches a beta model of its prediction market, focusing initially on the Mexico Grand Prix, marking a major step in decentralized finance.
Jupiter, a decentralized change aggregator working on the Solana blockchain, has introduced the launch of a beta model of its progressive prediction market, in response to CoinMarketCap. This new platform, developed in collaboration with Kalshi, marks Jupiter’s first foray into the prediction market sector, a quickly increasing phase inside decentralized finance (DeFi).
Beta Market Focuses on Mexico Grand Prix
The preliminary providing of Jupiter’s prediction market facilities across the Mexico Grand Prix, permitting contributors to position bets on the outcomes of the Formulation 1 race. This transfer is seen as a strategic entry level into a distinct segment but promising space of blockchain know-how, the place customers can leverage decentralized platforms to interact in speculative betting.
Progress of Prediction Markets
As Jupiter’s prediction market enters its beta section, the broader sector continues to witness strong development. The full worth locked (TVL) throughout varied prediction market platforms has surged to $241.9 million, underscoring the rising curiosity and funding in some of these blockchain purposes.
Strategic Partnership with Kalshi
Jupiter’s collaboration with Kalshi, a platform identified for its regulatory compliance and progressive approaches to event-based markets, is anticipated to reinforce the credibility and performance of its prediction market. This partnership is prone to appeal to customers who’re desirous about taking part in a regulated and safe surroundings.
For additional particulars on this improvement, you possibly can go to the official announcement on the CoinMarketCap web site.
Picture supply: Shutterstock
