Jupiter Exchange announced the integration of the prediction market Polymarket


Dark background with the Jupiter Exchange logo in the middle.

Decentralized trading platform Jupiter recently announced that Polymarket is coming to Solana, Jupiter.

The update about the integration comes from a post on social media, where the company says: “Integration with Polymarket is planned for making Jupiter Solana’s latest prediction platform.

“Trade all the markets you want. On an onchain platform. The best Solana user experience. The biggest Prediction Market in crypto.”

While a cinematic-style video was shared as part of the announcement, actual details are very limited. The official account of Polymarket joined the news, as it responded to the original post with ‘Polymarket (hand emoji) Jupiter (hand emoji) Solana.

X user ‘wearemeow’, who appears to be closely connected to the company, shared an additional insight as they said: “Jupiter predict is going to be a major focus for us in the next year, and we target to innovate on a number of things:

– strong market forecast apis

– new ux to discover the market

– useful data on individual markets

– new trading and communication mechanisms

we have put together a great team working on this, looking forward to doing it on polymarket!

This new integration comes at a time when prediction markets have exploded in popularity over the past two years, but the the industry is facing issues with state regulators as well.

Jupiter confirms $35M strategic investment acquired

Just one day after the prediction market news, Jupiter also confirmed that it had secured a $35M strategic investment from ParaFi Capital.

According to the company, this will help speed up the onchain financial infrastructure and the deal will be fully settled in $JupUSD. The deal is said to have been closed at the spot price with ParaFi committing to an extended token lock. Founded in 2018, ParaFi is an alternative asset management and technology company that runs liquid and venture strategies focused on the digital asset ecosystem.

Featured Image: Via Jupiter in X

The post Jupiter Exchange announced the integration of the prediction market Polymarket first appeared in ReadWrite.





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