Degen Markets expands to stock trading with $SPCX launch on Jupiter Predict

Jupiter's Degen Markets has expanded beyond cryptocurrency trading into equities by launching binary contracts on tokenized shares of SpaceX ($SPCX). Launched on August 26, the new feature is hosted on Jupiter Predict and allows users to enter 5-minute and 15-minute Up/Down binary prediction contracts during standard US stock market hours. The underlying asset is sourced from Backpack Securities, with settlement handled via Chainlink price feeds and routing powered by Jupiter Forecast's automated market maker system. This deployment marks a significant evolution for Solana-based decentralized prediction markets, which previously focused exclusively on crypto assets like Bitcoin, Ethereum, Solana, and XRP. By introducing zero-fee binary contracts on tokenized equities, Jupiter provides an alternative to fee-charging centralized prediction platforms like Kalshi, allowing retail traders to engage in pure price speculation on pre-IPO and private equities within a single on-chain interface.