Hyperliquid is preparing to take on Polymarket with a new way to trade real-world events
CoinDesk
Hyperliquid is launching outcome tokens with a zero-fee entry model to compete with Polymarket in the rapidly growing prediction market sector.Summary
Hyperliquid is expanding its platform to include prediction markets, positioning itself to challenge incumbents like Polymarket and Kalshi. The protocol has released a fee structure for its new "outcome tokens," featuring a zero-fee entry model where costs are only incurred upon closing or settling trades. This development, part of the proposed HIP-4 upgrade, allows users to trade real-world event contracts alongside perpetual and spot positions in one account. As the prediction market sector reached $63.5 billion in volume in 2025, Hyperliquid aims to leverage its infrastructure to capture significant market share, building on the success of its previous permissionless perpetuals upgrade.
(Source：CoinDesk)