Hyperliquid said its HIP-4 update, which introduced “results trading” to the decentralized exchange, will support permissionless deployment of contracts in a future upgrade.
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. Meanwhile, they remain under the authority of the validators.
Prediction markets, a sector dominated by Polymarket and Kalshi, allow participants to bet on the outcomes of events and have evolved into a multi-billion 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.
The growing popularity of the platforms – the FIFA World Cup, which concluded on Sunday with Spain winning its third title, attracted more than $50 billion in bets – has attracted centralized trading platforms such as Coinbase and Robinhood to the sector to offer clients a one-stop shop for prediction markets alongside more conventional financial trading.
