Jupiter, a decentralized exchange (DEX) on the Solana blockchain, has launched a prediction market centered on the upcoming Formula One Mexico Grand Prix.
The platform, powered by Kalshi, a pioneer in event-driven trading, encourages fans and traders to speculate on which driver—be it Max Verstappen, Lando Norris, Oscar Piastri, George Russell, or others—will win. The race is set for Oct. 27, commencing at 19:00 UTC and featuring 71 laps.
Kalshi’s support is vital as it introduces established liquidity and regulatory adherence to the market, boosting user trust and stability. This may revolutionize how users interact with real-world events by providing fast, affordable, and transparent betting options.
The prediction market sector has experienced swift growth, blending finance, gaming, and social interaction, enabling users to speculate on real-world occurrences with transparency and liquidity. According to Dune Analytics, top platforms Kalshi and Polymarket recently hit a record weekly trading volume exceeding $2 billion.
Participants can buy and sell “yes” and “no” shares on various outcomes related to the Grand Prix winner. Share prices are based on supply and demand, with traders having the option to exit positions anytime before the betting contract closes. At the event’s end, winning shares pay out $1 each, while losing bets expire worthless.
As a beta offering, Jupiter has instituted initial trading limits to bolster market stability, including a global cap of 100,000 contracts and a limit of 1,000 contracts per individual position.
