Hyperliquid Lets Anyone Launch Prediction Markets With HIP-4

- Anyone can deploy a prediction market by staking 500,000 HYPE - HIP-4 integrates unified collateral and launches markets with instant liquidity On July 20, 2026 (UTC), Market Survey reported that Hyperliquid activated its permissionless outcome markets with the HIP-4 upgrade. As a result, users can now create and resolve their own event prediction markets by staking 500,000 HYPE tokens. This upgrade removes centralized curation and transitions market creation to a decentralized, validator-settled system, and builders can launch outcome markets directly on the platform for the first time. The HIP-4 upgrade distinguishes Hyperliquid from platforms like Polymarket and Kalshi, as it integrates prediction contracts with existing user accounts and supports unified collateral and margin management across perp, spot, and event markets. In addition, Hyperliquid’s active user base provides immediate liquidity, so the platform does not need new liquidity pools. By contrast, Polymarket relies on UMA’s optimistic oracle and token voting for dispute resolution, which can lead to subjective outcomes, while Kalshi operates as a centrally curated exchange and requires regulator approval for listings. The rollout of permissionless HIP-4 outcome markets begins on testnet, and Hyperliquid plans a mainnet launch after testing. Market creators select their events, deploy oracles, and can earn up to 50% of trading fees, but they must follow validator rules and risk stake slashing for manipulation or invalid settlements. With unified accounts and collateral, Hyperliquid streamlines position management compared to rivals that require separate accounts and capital, and new event markets gain instant access to the platform’s deep liquidity. Meanwhile, competitors must build liquidity from scratch. According to Market Survey on July 20, 2026, at 07:09 UTC, HYPE is trading at $60.27 with a -0.855% change in 24-hour volume.