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

Jupiter’s Degen Markets just crossed a line that crypto-native traders have been waiting for: stocks. The platform, which has built a following around ultra-short crypto prediction markets, is now offering binary contracts on tokenized equities, starting with $SPCX, the tokenized representation of SpaceX shares.

How the new stock markets work

The $SPCX trading feature launched on August 26 through Jupiter Predict’s Degen Markets, which now includes a dedicated Stocks tab alongside its existing crypto offerings. Users can place Up/Down binary contracts in 5-minute and 15-minute intervals during standard US stock market hours.

Binary contracts are about as simple as trading gets. You pick a direction, you pick a timeframe, and you either win or lose based on whether the final price lands above or below a reference price at the time of entry.

The underlying asset, $SPCX, comes from Backpack Securities, which has been carving out a niche in the tokenized equities space. Settlement leans on Chainlink price feeds for the reference data, while Jupiter Forecast’s automated market maker handles routing and execution. The platform’s documentation notes that these binary markets settle with no trading fees.

From crypto bets to equity predictions

Until now, Degen Markets has been a crypto-only playground. The platform supported short-duration prediction contracts on Bitcoin, Solana, Ethereum, and XRP.

Jupiter Forecast, the underlying infrastructure powering these markets, launched in beta in June 2026. Jupiter integrated with Kalshi in October 2025 and Polymarket in February 2026, building out the prediction market toolkit before rolling its own product.

Jupiter Forecast differentiates itself from earlier prediction market designs by using competitive AMM structures rather than relying on a single liquidity pool, enabling better price discovery and tighter spreads for traders.

Why tokenized stock predictions matter

Degen Markets is taking a different approach by not trying to replicate stock ownership. Instead, it offers pure price speculation through binary contracts. Users aren’t buying or holding equity — they’re making time-limited predictions on price direction.

The no-fee structure on these binary markets sets up an interesting competitive dynamic. Traditional platforms offering similar short-duration options or binary contracts, regulated entities like Kalshi among them, typically charge fees per contract.

For existing Jupiter users, the Stocks tab transforms Degen Markets from a crypto speculation tool into something closer to a unified short-term trading terminal. The ability to toggle between 5-minute Bitcoin predictions and 15-minute SpaceX bets on the same interface, settled on the same chain, with the same wallet, is a UX advantage that fragmented competitors can’t easily match.

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