Hyperliquid said its HIP-4 upgrade, which introduced “outcome trading” to the decentralized exchange, will support permissionless execution of the contracts in a future enhancement.
Once live, anyone will be able to offer a prediction market on the platform, subject to templates approved by validators, Hyperliquid said on Telegram on Sunday. In the meantime, they remain under the authority of validators.
Prediction markets, a sector dominated by Polymarket and Kalshi, allow participants to bet on event outcomes and have developed into a multibillion-dollar sector of the blockchain industry. Users weigh in on events from central banks’ interest rate decisions to who will perform at the Super Bowl halftime show.
The platforms’ growing popularity – the FIFA World Cup, which ended on Sunday with Spain winning its third title, drew more than $50 billion in bets – has drawn centralized trading platforms such as Coinbase and Robinhood into the sector to offer clients a one-stop shop for prediction markets alongside more conventional financial trading.
