Hyperliquid Launches Prediction Markets

Hyperliquid just announced HIP-4, and HYPE jumped 10% within hours. The exchange is adding prediction markets and options-style trading to its platform.

The new feature uses "outcome contracts" that are fully collateralized. No margin calls, no liquidations. You bet yes or no on an event, and either win a fixed amount or lose what you staked.

But can they actually steal users from platforms that already dominate the space?