Hyperliquid Opens HIP-4 Prediction Markets to Anyone With 500k HYPE
Hyperliquid has announced a big update wherein the platform is letting anyone build prediction markets on its exchange, as long as they stake 500,000 HYPE first. This is the permissionless phase of HIP-4, the outcome markets upgrade that went live on mainnet on May 2. Phase 1 of HIP-4 included a curated set of markets that the team approved one by one. The permissionless phase, where any builder meeting the staking requirement deploys without approval, is the next step. Builders deploy event contracts into the same slot that runs a builder-deployed DEX, and the stake is slashable and burned if validators catch a builder manipulating the oracle or pushing an invalid settlement. For now, Hyperliquid said permissionless outcome markets will begin rolling out in an upgrade on testnet first and then mainnet once its properly battle-tested. Until now the team decided which outcome markets existed. The first was a daily Bitcoin price binary run by Outcomexyz. With this update, builders can pick the events, run the oracle and keep up to half the trading fees their markets generate. Hyperliquid supplies the matching engine and its existing liquidity. Onchain Settlement Skips the Oracle Fight HIP-4 settles onchain against objective sources through Hyperliquid‘s validator set.









