Hyperliquid tests ‘Outcomes,’ moving into booming prediction markets and limited risk options trading

Hyperliquid is introducing general-purpose "outcome trading," referred to as Outcomes, as an expansion of its ongoing HIP-4 update, initially rolling out on the testnet. This move targets the rapidly growing prediction markets sector, where major exchanges like Coinbase and Gemini are seeking to compete with established players like Polymarket and Kalshi. Outcomes trading is designed to add a safer, more versatile layer to crypto options by offering fully collateralized, bounded "outcome contracts" that function like binary or digital options without the risks of leverage, margin calls, or liquidation. These contracts will settle in Hyperliquid’s USDH stablecoin and utilize the HyperCore trading engine. The development aligns with the maturation of the crypto options sector, where Hyperliquid has already seen significant volume and open interest growth.

(Source：The Block)