Jupiter, the leading decentralized exchange (DEX) on the Solana network, announced yesterday, February 1, that it will integrate Polymarket, a popular decentralized sportsbook, into its platform.
The Jupiter team explains that with the Polymarket integration, they aim to accelerate innovation in prediction markets on the Solana network.
This technical approach allows market participants to trade using Jupiter’s ‘prediction’ functionality, reinforcing the trend towards centralizing analysis and betting tools in a single interface.
“Jupiter Prediction will be our main focus next year, and our goal is to innovate in many ways,” said Meow, known as the pseudonym of Jupiter’s founder.
The developer detailed that the roadmap includes the launch of a robust market prediction API, a new user experience in market discovery, useful data about individual markets, and new mechanisms for trading and communication.
This announcement caused an immediate reaction in the market, The price of JUP, the DEX’s native token, rose by 11%. within the last 24 hours.
Jupiter and Polymarket integration challenges
Although it has already been announced, The companies involved have not disclosed specific information about the logistics of implementation.. Both Jupiter and Polymarket did not provide an implementation schedule or provide details about how the combination would work, including aspects related to custody, market access and regulatory compliance requirements.
Founded in 2020, Polymarket uses smart contracts to automate transactions between different tokens and manage user interactions, as described by Criptopedia, the educational section of CriptoNoticias.
Unlike traditional surveys and expert analysis, Polymarket odds are built in real time based on the collective expectations of thousands of participants who risk their money to participate. This generates a more dynamic approach that is resistant to narrative manipulation to gauge the real pulse of what an informed, economically motivated community believes is going to happen.
Expansion of polymarket
The arrival at Solana is not the only expansion move for the betting platform. Polymarket is considered by important members of the cryptocurrency sector.
One example is the MetaMask self-custody wallet, which natively integrated Polymarket last December. This allows wallet users to directly participate in prediction markets for a wide range of events, including sports, politics, and price movements of digital assets.
(Tag Translation) Casa de Cambio (Exchange)
