Hyperliquid launches prediction markets for real-world events

Hyperliquid launched canonical prediction markets for offchain events, expanding beyond perps as analysts frame it as an onchain superapp.

Decentralized exchange (DEX) Hyperliquid launched canonical prediction markets for offchain events, as the platform starts expanding beyond perpetual futures.

Validators run automated newsfeed software that publishes the markets and votes on deployment and settlement, Hyperliquid said in a Monday Telegram post.

The markets are built on Hyperliquid’s HIP-4 and use Circle’s USDC (USDC) as the quote asset. Hyperliquid said the first markets will open based on the May Consumer Price Index (CPI) year-over-year change and the June federal funds rate decision.

Read more