Hyperliquid launches HIP-4 prediction markets on mainnet, challenging Polymarket and Kalshi.

Hyperliquid has launched its HIP-4 upgrade on the mainnet, introducing prediction markets to its perpetual decentralized exchange (DEX). The first market is a Bitcoin up-and-down daily settlement contract, which has already seen over 89,000 shares traded, surpassing Polymarket's volume. This upgrade positions Hyperliquid as a direct competitor to established prediction market platforms like Polymarket and Kalshi, which are also considering adding perpetual trading features. The HYPE token price briefly rose following the launch, reflecting positive market reception.