Quick Breakdown
- Jupiter debuts a beta prediction market supported by Kalshi, starting with the Mexico Grand Prix.
- Early trading shows Max Verstappen leading the bets, with over $52,000 volume in hours.
- The launch underscores the rising popularity of on-chain prediction markets, led by Polymarket’s dominance.
Jupiter enters the prediction market scene
Solana-based decentralized exchange (DEX) Jupiter has rolled out the beta version of its first-ever prediction market, marking a new step in its product lineup. According to an announcement this week, the launch comes with an initial test event centered around Formula 1’s Mexico Grand Prix, allowing users to wager on which driver they believe will clinch victory.
How does it work?
Every market has a series of choices where you can trade on either YES or NO.
The price of these positions change and you can sell them at any time before the market ends.
However, at the conclusion you’ll receive $1 per ‘correct’ position and $0 otherwise. pic.twitter.com/8srflbgtDV
— Jupiter (🐱, 🐐) (@JupiterExchange) October 22, 2025
“Max Verstappen or Lando Norris? Oscar Piastri or George Russell? Jupiter’s first ever Prediction Market is now LIVE (in beta),” the platform wrote on X.
The new feature enables traders to participate in outcome-based markets, with liquidity supplied by Kalshi, the U.S.-regulated prediction market operator active since 2021.
Early market trends and trading activity
In its opening hours, Jupiter’s beta market recorded over $52,000 in trading volume, indicating strong community interest. Currently, Max Verstappen leads the odds with 47.61%, followed by Lando Norris at 27.3%, and Oscar Piastri at 23%.
For now, Jupiter has implemented betting limits — $100,000 for global contracts and $1,000 for position contracts — as part of its controlled beta rollout. The Mexico Grand Prix will run from October 25 to 27, with the final race taking place on October 27. Jupiter’s market is expected to close once the official winner is declared.
Similar to Kalshi and Polymarket, Jupiter’s prediction platform operates on a YES/NO trading model, where users buy positions on outcomes and can sell before the market closes. Each correct prediction pays out $1 per position, while incorrect bets yield no return.
Growing interest in on-chain prediction markets
The crypto industry’s prediction market segment continues to grow, with DeFi Llama data showing a total value locked (TVL) of $241.9 million across protocols. Within the past week alone, prediction markets generated $422,297 in fees and $396,466 in revenue.
Meanwhile, Jupiter launched the private beta of Jupiter Lend in partnership with 0xFluid. The beta was open to users who had joined the waitlist ahead of a public launch in August, which included incentives from more than ten partners.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
