Jupiter launches beta prediction market for F1 Mexico GP with Kalshi

Jupiter, a Solana-based decentralized exchange, launched a beta prediction market on Oct. 22 that lets users wager on the winner of the Formula 1 Mexico Grand Prix on Oct. 27 at Mexico City’s Autódromo Hermanos Rodríguez. The inaugural market, powered by liquidity and event verification from Kalshi, opens trading on individual drivers including Max Verstappen, Lando Norris, Oscar Piastri and George Russell ahead of the 71-lap race scheduled to start at 1900 UTC.

The market uses binary, yes-or-no contracts in which traders buy and sell shares that fluctuate between 0.01 and 0.99 to reflect market sentiment. Correct positions pay out 1 at settlement, while incorrect positions expire worthless. Traders may exit positions at any time before the contract closes. Jupiter has capped participation in the beta to 100,000 contracts globally and limited individual positions to 1,000 contracts to manage liquidity and test settlement mechanics under live conditions.

Kalshi supplies the underlying liquidity and verification infrastructure, and Jupiter’s smart contracts on Solana handle order execution and payouts. Kalshi is regulated by the Commodity Futures Trading Commission and its...