Jupiter has launched a beta version of its prediction market platform, leveraging liquidity backing from Kalshi. The partnership enables its entry into the rapidly growing prediction market sector, introducing blockchain-based speculation on real-world outcomes.
According to the Wednesday report from the Jupiter Exchange, the platform’s initial focus is on the Formula One Mexico Grand Prix, with participants able to predict and trade on the prospective race winner. This includes names like Max Verstappen, Lando Norris, and Oscar Piastri, as indicated by event-specific “yes” or “no” shares.
Further, trading for this event is subject to boundaries set by strict contract limits. They aim to promote market stability during the beta phase: a global cap of 100,000 contracts and a 1,000-per-position maximum.
Kalshi Integration and User Experience
Kalshi, a U.S.-regulated event market operator, provides essential liquidity and data support for the launch. This partnership aims to boost market depth. It also ensures compliance with global standards, distinguishing Jupiter’s prediction system from many decentralized competitors.
By utilizing Kalshi’s experience handling significant event-driven volumes, Jupiter can offer tighter bid-ask spreads and stronger protections against manipulation, even in its beta state. This setup aims to appeal to a wider range of traders. These include those coming from traditional finance backgrounds and institutional circles.
Prediction participants buy and sell “yes” and “no” shares tied to specific event outcomes. For instance, betting on the race winner. Positions are tradable throughout the event, with pricing determined by marketplace supply and demand.
Upon conclusion, winning shares pay out $1, while losing contracts expire worthless, enabling automated on-chain settlement using smart contracts. The beta platform’s real-time display tracks current odds, top picks, and trading activity, with Max Verstappen leading as the favored F1 driver in early betting testing.
What’s Ahead for Jupiter
Jupiter plans to broaden its prediction market vertical by expanding to more event categories, integrating cross-chain features, and deepening liquidity partnerships.
Its beta launch could be a foundation for a larger multi-layer financial protocol, combining prediction markets, DeFi trading, and event-driven finance under one platform.
Working together with Kalshi will also help Jupiter Exchange grow steadily and draw in new types of DeFi users who want more creative markets for betting on global events.
