Official Entry: Hyperliquid Launches First HIP-4 Binary Prediction Market Contract, Hardcore Competing with Leading Platforms Polymarket and Kalshi

BlockBeats News, May 2nd, according to the official Hyperliquid page, it has launched the first HIP-4 binary prediction market contract "BTC above 78213 on May 3 at 2:00 PM?" (Will the Bitcoin price be above $78,213 on May 3 at 2:00 PM?).

According to the official HIP-4 proposal, the Outcomes contract adopts a fully collateralized mechanism, fundamentally eliminating the risk of liquidation; its non-linear settlement method brings users close to the flexibility of options, expanding the strategic space; and it is natively integrated into the HyperCore chain, sharing cross-margin with the platform's spot and perpetual contracts, achieving seamless liquidity interoperability and reuse.

In the current environment where Polymarket dominates on-chain traffic and Kalshi and Coinbase are joining forces to harvest compliant markets, Hyperliquid's entry into the prediction market is by no means a simple "bandwagon" move. Instead, it leverages the absolute advantage of native underlying performance, aiming to redefine the game rules of the prediction market. This move directly competes with the prediction market leaders Polymarket and Kalshi.

Among the prediction market players, Polymarket sets the trend by selling "views" as a social hot topic indicator; Kalshi attracts onshore U.S. funds seeking compliance to avoid legal risks; Coinbase hopes to simplify by integrating the prediction market into its app, turning it into a consumer product; Hyperliquid's prediction market logic is the most hardcore, eliminating the need for users to click Yes or No on a webpage but instead aiming to change user trading habits, allowing users to short BTC while simultaneously hedging macro risks by buying an Outcomes contract for "Non-Farm Payroll Data Exceeding Expectations."