Jupiter launches Forecast, Solana's first native prediction market
Jupiter, a decentralized aggregator on the Solana blockchain, launched Forecast on June 5. The product is described as Solana's first native prediction market, adding a new entrant to a sector previously dominated by Ethereum-based platforms. No details on supported markets, trading mechanics, or launch partners were disclosed at launch. The move positions Jupiter as an early mover in bringing prediction market infrastructure to Solana's ecosystem, directly challenging Ethereum's incumbent dominance in crypto-native event trading. Forecast arrives amid a cluster of competing launches from other exchanges seeking to capture crypto-native prediction market activity.
Forecast gives Solana its first dedicated prediction market venue, letting cost-sensitive traders bypass Ethereum gas fees entirely. LBank and Byreal's competing launch means Solana now hosts two native platforms fighting for the same trader base before either has proven demand.
Jupiter's debut brings the count of crypto-native platforms launching prediction market products this week to four, joining Byreal's competing Solana launch, Binance Wallet's API opening, and Toobit's expansion as exchanges race to build out event-contract infrastructure.