TLDR
- Jupiter Exchange launched beta prediction market on Solana with Kalshi partnership, targeting Q4 2025 full release
- Beta testing features Formula One Mexico Grand Prix market with $120,000+ trading volume
- Platform has 8.4 million active users, up 5% quarter-over-quarter
- Kalshi raised $300M at $5B valuation; Polymarket got $2B at $9B valuation
- Prediction market industry reached $2.03B weekly volume in October 2025
Jupiter Exchange has opened beta testing for its prediction market platform on Solana. The decentralized exchange aggregator partnered with Kalshi to power the new feature. Users can now place bets on real-world events through Jupiter’s interface.
The beta version went live on Wednesday with one available market. Traders are betting on the Formula One Mexico Grand Prix winner. The test market has already surpassed $120,000 in trading volume.
Kash Dhanda is chief operating officer at Jupiter Exchange. He said the platform aims to provide multiple products in one location. Prediction markets will help bring new users to Jupiter.
The exchange reported 8.4 million active users in Q3 2025. This marked a 5% increase from the previous quarter. Jupiter expects prediction markets to accelerate user growth.
Beta testing limits global maximum contracts to 100,000. Individual positions are capped at 1,000 contracts. These restrictions will adjust as the platform develops.
Max Verstappen leads the current market with 46% probability. British driver Lando Norris trails at 27% odds. The market tracks real-time betting on the race outcome.
Platform Development and Token Benefits
Jupiter will use feedback to improve the product during beta. The team plans to add more markets gradually. Full launch is scheduled for Q4 2025.
Dhanda explained the benefits for JUP tokenholders. Prediction markets increase platform revenue and user engagement. Cross-product synergy grows as users access multiple features.
Kalshi supplies liquidity for Jupiter’s prediction market. The partnership gives Jupiter access to established infrastructure. Traders buy and sell yes and no tokens based on event outcomes.
Jupiter joins MetaMask and other platforms integrating prediction markets. Polymarket recently became accessible on Solana without bridging stablecoins. The competition for prediction market users is intensifying.
Market Growth and Investment Activity
The prediction market industry is expanding rapidly. Weekly trading volume hit $2.03 billion for the week ending October 13. This represents an all-time high across all platforms.
Polymarket received a $2 billion investment from Intercontinental Exchange in October. The deal valued Polymarket at $9 billion. Intercontinental Exchange operates the New York Stock Exchange.
Kalshi completed a $300 million Series D funding round at $5 billion valuation. Backers included Sequoia Capital, Andreessen Horowitz, Paradigm, and Coinbase Ventures. The funding supports platform expansion and new features.
Kalshi controls 70% of prediction market trading volume. The platform holds 57% of total open interest. Sports betting has driven much of Kalshi’s growth.
Both Kalshi and Polymarket launched micro-betting products. These markets resolve within minutes instead of days. Industry analysts project micro-betting will generate $1 billion in 2025 revenue.
The micro-betting segment could reach $3.5 billion by 2026. Quick resolutions appeal to retail traders seeking fast outcomes. Blockchain technology provides transparent, immediate settlement records for all trades.
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