Key Takeaways:
Hyperliquid launched HIP-4 Outcome Markets on mainnet May 2, 2026, with BTC daily binary contracts live and trading. HIP-4 charges zero fees to open positions, directly targeting Polymarket and Kalshi for onchain prediction market volume. Builders can deploy permissionless markets in a later phase by staking 1,000,000 HYPE, with slashable stakes burned if rules are violated. Hyperliquid Pushes Into Prediction Market Space With HIP-4 Mainnet LaunchThe new contract type is distinct from HIP-3, which launched on mainnet Oct. 13, 2025, and covers builder-deployed perpetual futures for stocks, commodities, foreign exchange, and real-world assets. HIP-4, announced Feb. 2, 2026, adds a separate primitive built for binary and multi-outcome event contracts that settle to exactly 0 or 1 at expiry.
The architecture runs natively inside Hypercore, sharing the same matching engine, order types, and approximately 200,000 orders-per-second throughput as all other Hyperliquid markets. Outcome positions sit inside the same wallet as a trader’s perps and spot holdings and factor into unified portfolio margin.
