Hyperliquid Eyes Prediction Markets With ‘Outcome Trading’ Proposal
Hyperliquid plans to launch “outcome trading” via its HyperCore infrastructure, enabling fully collateralized contracts settling within fixed ranges—catering to prediction markets and options-like products. This expansion, introduced as Hyperliquid Improvement Proposal 4 (HIP-4), responds to user demand and aims to spur innovative use cases. The feature, currently live on testnet, will settle trades in USDH and may become permissionless based on user feedback. The move comes amid a surge in prediction market activity, with $12.4 billion in monthly volume and growing mainstream attention. Hyperliquid’s HYPE token rose over 11% following the announcement. The sector is facing increased regulatory scrutiny, particularly in sports and political markets, leading to bans and interventions against platforms like Polymarket. Nonetheless, major crypto firms—including Coinbase, which launched a nationwide prediction market product—continue to invest in the space, viewing prediction markets as a critical tool for truth-seeking and reliable forecasting when financial incentives are involved.
