Hyperliquid Opens Prediction Market Infrastructure to Permissionless Deployment

Hyperliquid is set to open its prediction market infrastructure to anyone who wants to build on it. The exchange announced July 19 that permissionless deployment for HIP-4 outcome markets will arrive in a future protocol upgrade, with the feature set to launch on testnet before moving to mainnet.

The announcement framed the move as necessary for the market category to grow, citing the 'wide range of possible tradeable outcomes' that makes centralized approval processes inefficient. Validators will play a key role in maintaining standards under the new system, voting on standardized outcome templates with the full specifications stored and enforced on-chain.

Deployers can use approved templates to create their own individual markets, but are responsible for defining each market's terms and settling it once the outcome is known, within the boundaries set by the template. Anyone deploying markets under HIP-4 must stake 500,000 HYPE, with validators able to vote to slash that stake if a deployer creates poorly defined markets or fails to settle within one week.