- Jupiter DEX partnered with Kalshi to launch a prediction market for the Mexico Grand Prix.
- Users can trade shares on the outcome of the F1 race scheduled for October 27, 2025.
- Jupiter’s total value locked rose to $3.76 billion.
Jupiter, Solana’s leading decentralized exchange, has unveiled a new prediction market created in collaboration with U.S.-based platform Kalshi.
The move comes amid growing adoption across the cryptocurrency sector, where prediction markets are gaining traction as an additional use case.
The beta launch of Jupiter’s prediction market represents another milestone for the DEX as it expands beyond traditional token swaps.
Jupiter DEX launches Kalshi-powered prediction market
Jupiter Exchange, the major Solana-based decentralized exchange known for liquidity aggregation, announced on October 22, 2025 the launch of its first prediction market, seamlessly powered by Kalshi.
Having generated billions in trading volume since inception, Jupiter frames this launch as a key expansion of its product suite beyond conventional token trading.
Max Verstappen, or Lando Norris? Oscar Piastri or George Russell?
Jupiter’s first ever Prediction Market is now LIVE (in beta).
Powered by @Kalshi liquidity, you can trade on the F1 Mexico Grand Prix Winner 👇 pic.twitter.com/HaY8LnsThO
— Jupiter (🐱, 🐐) (@JupiterExchange) October 22, 2025
By integrating Kalshi’s robust regulatory framework, the platform adheres to federal standards while leveraging Solana’s high-speed, low-cost infrastructure.
Kalshi supplies event data and verification, while Jupiter’s smart contracts handle trading and settlement within the integrated model.
Users will connect with familiar Solana wallets such as Phantom and route trades through the DEX’s V6 aggregator for optimal liquidity routing.
Jupiter lets users trade F1 Grand Prix outcomes
The debut market targets the Formula 1 Mexico Grand Prix scheduled for October 27, 2025 at the Autódromo Hermanos Rodríguez in Mexico City.
Top contenders listed for the race include names such as Max Verstappen, Lando Norris and Charles Leclerc.
Jupiter’s new prediction market allows users to speculate on the Mexico Grand Prix winner via intuitive binary-style contracts.
Traders buy shares priced between $0.01 and $0.99, where the price reflects the market’s collective assessment of a driver’s chances of winning.
For example, if shares for Verstappen trade at $0.65, that implies a perceived 65% probability he will take the checkered flag.
According to the specifics, trading opens immediately and continues until the race starts, with no explicit position caps beyond available liquidity.
Notably, Jupiter offers low minimum stakes, making the market appealing both to casual F1 fans and experienced DeFi traders.
Kalshi will verify the official race result via its API, triggering on-chain settlements for winning positions.
Kalshi is a leading prediction market operator and recently raised $300 million in a Series D funding round during its international expansion.
The funding valued Kalshi at $5 billion and included participation from major venture firms such as Andreessen Horowitz, Sequoia Capital, Paradigm and Coinbase Ventures.
Meanwhile, Jupiter Exchange remains one of Solana’s top DeFi protocols. Jupiter currently ranks second behind Kamino by total value locked, reporting over $3.76 billion.
TVL has grown in recent months alongside increased activity, particularly following the launch of the Jupiter Lend product from the DEX protocol.