Hyperliquid said its HIP-4 upgrade, which introduced “outcome trading” to the decentralized exchange, will support permissionless deployment of contracts in a future enhancement.
Once live, anyone will be able to offer a prediction market on the platform, subject to models approved by validators, Hyperliquid said on Telegram on Sunday. In the meantime, they remain under the authority of the validators.
Prediction markets, an industry dominated by Polymarket and Kalshi, allow participants to bet on the outcomes of events and have become a multi-billion dollar sector of the blockchain industry. Users take positions on events ranging from central bank interest rate decisions to Super Bowl halftime performances.
The platforms’ growing popularity – the FIFA World Cup, which ended on Sunday with Spain winning its third title, attracted more than $50 billion in bets – has lured centralized trading platforms like Coinbase and Robinhood into the sector to offer clients a one-stop shop for prediction markets alongside more conventional financial trading.
