Jupiter brings Polymarket to Solana and lands $35 million investment deal

Solana-based decentralized exchange Jupiter announced it will integrate Polymarket, the largest crypto predictions market, onto its platform, aiming to establish Jupiter as a comprehensive on-chain predictions hub. This integration will allow users to trade prediction markets directly on Jupiter. Concurrently, Jupiter revealed it secured a $35 million strategic investment in its JUP token from ParaFi Capital, settled in JupUSD, with ParaFi agreeing to an extended lockup period. Jupiter's co-founder, meow, stated that "Jupiter predict" will be a major focus for the coming year, involving innovations in prediction market APIs, user experience for market discovery, and novel trading mechanisms. Prediction markets have recently gained traction for trading event outcomes, and this move positions them as a core component of Jupiter's growth strategy alongside existing swap products.

(Source：CoinDesk)