Solana-based decentralized exchange (DEX) Jupiter has launched its first-ever prediction market, focused on the upcoming Mexico Grand Prix. Users can now wager on which driver will win the race, with early trading already indicating strong interest in Max Verstappen as a frontrunner. The beta market is powered by Kalshi, a regulated prediction market operator known for its stable and secure platform. How does it work? Each market features YES/NO options where users trade on the outcome of the race. Liquidity is provided by Kalshi, allowing for a smooth trading experience. Prices fluctuate based on market dynamics, and traders can sell their positions before the market closes, potentially profiting from correct predictions or adjusting strategies based on evolving odds. **Early market activity:** The beta version saw over $52,000 in trades within its first hours, with Verstappen currently leading betting odds at 47.61%. This is a testament to growing interest in decentralized prediction markets, driven by platforms like Jupiter and Polymarket. The platform is implementing betting limits of $100,000 for global contracts and $1,000 for position contracts during this controlled beta phase. Jupiter’s prediction market mirrors the success of similar platforms like Kalshi and Polymarket, which leverage a YES/NO trading format to offer users the chance to profit from predicting the outcomes of various events. The market is expected to close once the official race winner is declared on October 27th. **Growing traction in prediction markets:** The crypto prediction market segment continues its expansion, with DeFi Llama data showing $241.9 million TVL locked across protocols. In the past week alone, these markets generated $422,297 in fees and $396,466 in revenue. Jupiter also recently launched a private beta of its lending protocol, Jupiter Lend, in partnership with 0xFluid. The platform is actively expanding its product offerings to cater to a wider audience within the DeFi ecosystem.