Bettors can vote between Max Verstappen, Lando Norris or another driver.
The call has already attracted a volume of $80,000.
The decentralized exchange (DEX) Jupiter announced the launch of its first prediction market with cryptocurrency bets, available today in beta version with a call that attracts Formula 1 (F1) fans.
The inaugural event invites users to predict who will be the winner of the Grand Prix in Mexicowhich will be played on Sunday, October 26, 2025. Bets can be placed on the stablecoin usdc coin (USDC), which maintains the same price as the dollar (USD).
According to the official statement, the global maximum contracts are limit to 100,000, while each user will be able to maintain up to 1,000 contracts per position. The system operates with Kalshi liquidity, and allows participants to buy and sell positions before the market closes.
“Each market has a number of options that you can trade by voting ‘yes’ or ‘no,’” the Jupiter team explained. “The price of these positions changes and you can sell them at any time before the market ends. However, in the end you will receive $1 per correct position,” he clarified.
According to the official website, the new market for who will win the Formula 1 Grand Prix in Mexico has already attracted close to $80,000 in volume, with the majority of votes betting on Max Verstappen (48.95%) and Lando Norris (28.99%), as the following screenshot shows.
This way, Jupiter is positioned as an alternative in the cryptocurrency prediction market which, as CriptoNoticias reported, is currently led by the Polymarket platform.