Hyperliquid Rolls Out Permissionless Prediction Markets Requiring 500K HYPE Stake

According to Hyperliquid, the exchange will soon roll out permissionless prediction markets under its HIP-4 upgrade, allowing anyone to deploy a market by staking 500,000 HYPE (approximately $30 million). Validators can slash deposits if markets are poorly defined or settled incorrectly; in exchange, deployers earn up to 50% of trading fees. The platform plans to cap validator-run markets at fewer than 10 annually, shifting control to community deployments.

The move targets the booming prediction market sector, which recorded $50 billion in wagers in June 2026 alone. However, Kalshi leads with $33 billion (66% market share), while Hyperliquid generated only $176 million in June. The permissionless model represents a stark contrast to Kalshi and Polymarket, where platforms curate all markets from the top down.