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Jupiter Exchange announces integration of prediction market Polymarket

The decentralized trading platform Jupiter has just announced Polymarket is coming to Solana, on Jupiter.

The update about the integration came through a social media post, in which the company said: “Integrating Polymarket is primed for making Jupiter the most innovative predictions platform on Solana.

“Trade all the markets you want. On one onchain platform. The best user-experience on Solana. The biggest Predictions Market in crypto.”

While a cinematic-style video was shared as part of the announcement, the actual details are quite limited. The official Polymarket account has joined in on the news, as it replied to the original post with ‘Polymarket [handshake emoji] Jupiter [handshake emoji] Solana.”

The 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 aim to innovate on a number of things:

– robust prediction market apis

– new ux on market discovery

– useful data on individual markets

– novel mechanisms to trade and communicate

we have put together a great team working on it, excited to do this with polymarket!”

This new integration comes at a time when prediction markets have blown up in popularity over the last couple of years, but the industry has faced issues with state regulators too.

Jupiter confirms $35M strategic investment secured

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

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

Featured Image: Via Jupiter on X

The post Jupiter Exchange announces integration of prediction market Polymarket appeared first on ReadWrite.

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