HYPE pops 20% after Hyperliquid team nods prediction markets plan

2 hours ago

HYPE gained double digits on Monday after the tea

HYPE pops 20% after Hyperliquid team nods prediction markets plan

HYPE pops 20% after Hyperliquid team nods prediction markets plan

HYPE gained double digits on Monday after the team behind HyperCore, the core infrastructure powering Hyperliquid’s layer-1 network, said it will support the HIP-4 proposal to expand into prediction markets.

The integration would allow fully collateralized contracts on Hyperliquid, the largest decentralized perpetual futures crypto platform, enabling traders to wager on political elections, sports and other markets.

In an X post on Monday, Hyperliquid said the support was driven by “extensive user demand” for prediction markets and bounded options-like instruments, while adding that HIP-4 could allow other novel applications to be built on Hyperliquid.

Source: Hyperliquid

HIP-4 outcomes would function like a betting slip with a capped payout, settling within a fixed range without leverage, liquidations, or margin calls.

Hyperliquid said the outcomes trading feature is a “work in progress” and is currently only being tested on testnet. The canonical markets would be denominated in Hyperliquid’s native stablecoin, Hyperliquid USDH (USDH).