TLDR
- Jupiter’s beta market hit $100K in volume, led by Max Verstappen’s predictions
- Platform reached 8.4M active users in Q3, up 5% from the previous quarter
- Full prediction market launch is scheduled for Q4 2025 on Solana
- Kalshi raised $300M Series D to support regulated prediction market growth
Solana-based exchange aggregator Jupiter is preparing for a full launch of its native predictions market by the end of 2025. The new product, developed in partnership with Kalshi, is currently in beta. Jupiter expects to expand the offering based on user feedback and volume growth, as it works toward releasing the complete platform within the fourth quarter.
Jupiter Expands Into Prediction Markets With Beta Release
Jupiter Exchange announced the beta version of its new prediction market product on Wednesday, which is live on the Solana blockchain. The company partnered with Kalshi, a regulated prediction market platform, to supply liquidity and support the rollout. Jupiter’s leadership stated that this move is part of a broader strategy to offer a wider range of decentralized financial tools on one platform.
Kash Dhanda, Chief Operating Officer of Jupiter, said the goal is to enhance user experience and attract more participants. “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 said in a public statement.
The beta market allows users to bet on real-world events, starting with the outcome of the upcoming Mexico Grand Prix. As of now, users can place up to 1,000 contracts, with a global cap set at 100,000 contracts for the test market.
User Growth and Product Iteration Plan
According to Jupiter’s Q3 tokenholder report, the platform recorded 8.4 million active users, marking a 5% increase from the previous quarter. The company believes the addition of prediction markets could help drive further growth. Dhanda said the new feature will bring stronger user engagement and support long-term value for JUP token holders.
“As our prediction markets grow, so does our reach, our cross-product synergy, and our revenue,” Dhanda said. He confirmed that the team will continue to develop the product and scale up based on usage data and community input.
The beta release is limited in scope for now, with only one available market. However, Jupiter plans to add more event-based markets over the coming weeks. The full version is expected to launch before the end of Q4 2025, depending on the progress made during the test phase.
First Market Gains Traction With Over $100K in Volume
The pilot prediction market, focused on the Mexico Grand Prix, has already crossed $100,000 in trading volume. Max Verstappen currently leads in predictions, with nearly 46% of users backing him to win the race. Lando Norris follows in second place, holding 27% of the predictions.
The early user interest in the beta market has encouraged the team to prepare for scaling up both volume limits and the number of event categories. Jupiter intends to keep collecting feedback throughout the beta period and implement adjustments where needed.
Jupiter has not yet released details on future markets, but Dhanda confirmed they are preparing for broader coverage across sports, politics, and global events.
Institutional Investments Push Prediction Market Sector Forward
Kalshi, Jupiter’s partner on this project, recently completed a $300 million Series D funding round. The round included participation from large investors such as Sequoia Capital, Paradigm, Andreessen Horowitz, and Coinbase Ventures. The firm is now valued at $5 billion.
Polymarket, another major player in the prediction market space, also drew institutional attention this month. On October 7, the Intercontinental Exchange invested $2 billion into Polymarket, bringing its valuation to $9 billion.
Data from a Dune Analytics dashboard shows that the weekly trading volume in the prediction market industry reached $2.03 billion in mid-October. This rise reflects the growing demand from both retail and institutional users.
Jupiter’s entry into this space follows this momentum, as the company aims to leverage Solana’s low-cost infrastructure and its existing user base to scale quickly before 2026.
