Hyperliquid plans to add decentralized prediction markets in upgrade to HIP-4
Decentralized exchange Hyperliquid is upgrading to HIP-4, which will allow for permissionless prediction markets on its platform. Users will be able to stake HYPE tokens to deploy these markets, which are becoming an increasingly popular sector in the blockchain industry.
Why it matters
The expansion of prediction markets into decentralized finance represents a significant shift in how event-based betting and financial speculation are structured.
Hyperliquid said its HIP-4 upgrade, which introduced “outcome trading” to the decentralized exchange, will support permissionless deployment 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 evolved into a multibillion-dollar sector of the blockchain industry. Users take positions on events from central bank interest-rate decisions to who performs at the Super Bowl halftime show.
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