Polymarket Hits Solana As Nevada Issues Sports Betting Restraint

February 2, 2026 Brazen Crypto Team Solana 0

Solana-based decentralized exchange (DEX) aggregator Jupiter has announced it will be bringing prediction marketplace Polymarket to Solana. The exchange is rolling out a prediction feature that will allow users to trade Polymarket contracts without ever leaving the Jupiter app.

In the announcement, the exchange said the Polymarket integration is primed to turn Jupiter into the “most innovative predictions platform” on Solana. The move positions the DEX as a hub for prediction markets on the blockchain, combining its existing trading infrastructure with Polymarket’s widely-popular event-based markets.

Jupiter’s “Prediction” Feature Introduces Polymarket to Solana

Polymarket has emerged as one of the most active and popular prediction platforms, offering users markets spanning across politics, macroeconomic events, sports, and culture. It witnessed explosive growth over the past year as interest in event-driven trading surged, particularly around major political and sporting events.

According to data from The Block’s dashboard, the combined trading volumes across Polymarket and its arch-rival Kalshi reached tens of billions of dollars last year and are on pace to register fresh peaks this year. In January, Polymarket recorded $7.66 billion in volume, up from $5.31 billion in December 2024, while Kalshi saw its volume rise from $6.58 billion in December to $9.16 billion last month.

The Jupiter integration comes as prediction marketplaces are aiming to expand beyond niche crypto users and into more mainstream trading experiences. Last month, U.S. crypto exchange Coinbase rolled out a Kalshi-powered prediction market to users in all 50 states. This development marked a major step for federally regulated event contracts in the U.S.

Coinbase noted that users can manage their Kalshi contracts alongside their existing crypto, equities, and cash balances within the same interface, with minimum trade sizes starting at $1 in USD or USDC stablecoin. In December, the exchange announced the acquisition of The Clearing Company, a prediction markets startup, to accelerate its expansion into regulated, on-chain prediction markets.

The Clearing Company, led by founder Toni Gemayel, a former head of growth at both Polymarket and Kalshi, specializes in building and scaling regulated event-based trading systems. The team will help Coinbase scale its own prediction markets offering within a compliant framework, integrating into the same interface where users trade crypto, derivatives, and equities.

Polymarket And MLS Strike Exclusive Prediction Market Partnership

In January, Polymarket entered into a multi-year, exclusive partnership with Major League Soccer (MLS), becoming the American top-flight soccer league’s official prediction market partner.

The deal grants the platform the right to create and host prediction markets for games in the MLS regular season, the MLS All-Star, MLS Cup by Audi, and the Leagues Cup. This partnership marks a major milestone for MLS, as it becomes one of the world’s first soccer leagues to integrate prediction market insights into its fan experience.

Polymarket will work with MLS to develop real-time, data-driven fan engagement tools, such as second-screen features and live sentiment tracking, across digital platforms to enhance the live match experience. To ensure match integrity, independent auditing firms like IC360 and Sportradar will monitor trading activities and prohibit trading by individuals with insider information. The move follows similar deals struck by Polymarket with the NHL and UFC, reflecting a growing trend of sports leagues embracing prediction markets as a fan engagement tool.

Nevada Court Bans Polymarket From Issuing Event-Based Contracts for Two Weeks

Meanwhile, a Nevada court has issued a temporary restraining order blocking Blockratize, the entity behind Polymarket, from offering event-based contracts in the state for two weeks. This comes after the court found that the platform’s activities violated the Nevada gaming law and were not protected by exclusive federal derivatives oversight.

In the order issued on Saturday, Judge Jason Woodbury sided with the Nevada Gaming Control Board, ruling that the Commodity Exchange Act does not vest exclusive jurisdiction over Polymarket’s arrangement with the U.S. Commodity Futures Trading Commission (CFTC). It blocked the predictions market from offering sports and events contracts to Nevada residents ahead of a preliminary injunction hearing scheduled for February 11.

If the ruling is upheld, then platforms like Polymarket and Kalsi may be forced to obtain state-by-state gambling licenses or abandon sports-related markets entirely. The latter cohort represents over 80% of trading volumes on the marketplaces.

The Nevada action follows similar enforcement moves against Polymarket by Hungarian and Portuguese authorities. Hungary’s Supervisory Authority for Regulated Activities and Portugal’s Gaming Regulatory Authority issued bans against Polymarket last month, accusing it of supporting illegal gambling activity.

Similarly, the Tennessee Sports Wagering Council sent cease-and-desist letters to Polymarket, Kalshi, and Crypto.com, ordering the companies to immediately pull sports-related markets accessible to customers in the state and refund any pending wagers.