According to the announcement, Jupiter’s prediction market functions more or less the same way as other established prediction markets such as Kalshi and Polymarket. Every market provides traders with a series of choices where they can trade on either YES or NO.

The prices of the positions change based on the number of bets and users can choose to sell them at any time before the market officially ends. However, the protocol informed users that they would receive $1 for every “correct” position. Meanwhile, if they are wrong, they do no receive any funds.

For now, the platform is still in its beta phase with no announcements indicating when it will unveil the full version.

Prediction markets have become a staple in the crypto community as more traders take part in numerous prediction markets with outcomes ranging from the next bull cycle to real-world events such as presidential election outcomes.