Jupiter, a Solana-based exchange aggregator, is set to launch its much-anticipated prediction market platform by the end of 2025. Currently in beta, this innovative product is designed to enhance user engagement through real-world event betting, significantly expanding Jupiter’s range of decentralized financial tools.
On Wednesday, Jupiter announced the beta version of its prediction market, developed in collaboration with Kalshi, a regulated prediction market platform. The partnership aims to ensure liquidity and bolster the rollout of this new feature. Jupiter’s leadership views this initiative as part of a broader strategy to offer a comprehensive suite of financial tools on its platform.
According to Kash Dhanda, Chief Operating Officer of Jupiter, the introduction of prediction markets signifies a transformative step in on-chain asset availability. “Prediction Markets represent a powerful evolution in the types of assets that are available on-chain, and we’re thrilled to partner with Kalshi to bring them to Solana,” he stated.
The beta market allows users to place bets on real-world events, starting with the highly anticipated Mexico Grand Prix. For this initial phase, users can wager on the outcome with a cap of 100,000 contracts globally, while individual participants can place bets of up to 1,000 contracts.
In its latest Q3 tokenholder report, Jupiter revealed a significant user base of 8.4 million active users, which reflects a 5% increase from the previous quarter. The company believes that the addition of prediction markets will further accelerate growth, bolstering user engagement and long-term value for JUP token holders. Dhanda remarked that as the prediction markets expand, so too will their reach and revenue.
Currently, the beta version features only one market, but Jupiter plans to introduce more event-based markets in the coming weeks. The full version of the prediction market is expected to launch by the end of Q4 2025, contingent on progress made during the beta testing phase.
The initial market focused on the Mexico Grand Prix has already surpassed $100,000 in trading volume, with Max Verstappen currently leading in predictions, backed by nearly 46% of users. Following closely is Lando Norris, holding 27% of the predictions. The enthusiastic user engagement has prompted Jupiter to prepare for scaling both the volume limits and the diversity of events covered.
Kalshi, Jupiter’s partner in this venture, recently completed a substantial $300 million Series D funding round, attracting notable investors including Sequoia Capital, Paradigm, Andreessen Horowitz, and Coinbase Ventures, which has pushed its valuation to $5 billion. Similarly, Polymarket, another key player in the prediction market space, garnered institutional interest with a $2 billion investment from the Intercontinental Exchange, elevating its valuation to $9 billion.
Data from Dune Analytics indicates that the weekly trading volume in the prediction market sector reached $2.03 billion in mid-October, signifying a growing demand from both retail and institutional participants. Jupiter’s entry into this burgeoning market comes at a strategic time, as the company aims to leverage Solana’s cost-effective infrastructure and its existing user base to scale effectively before 2026.
