Hyperliquid enables permissionless HIP-4 prediction market deployment
In brief
- Hyperliquid Phase 2 upgrade enables permissionless HIP-4 market deployment for creators
- Market creators must stake 1,000,000 HYPE tokens to launch without prior approval
- HIP-4 launched May 2, 2026 with zero fees and USDH settlement
HIP-4 launches with validator-curated markets
HIP-4 launched on May 2, 2026, introducing collateralized binary contracts settling in USDH with zero fees for opening positions. Initially, deployment was limited to canonical markets curated and settled by validators, restricting who could create new prediction markets on the platform.
Phase 2 expands to permissionless creation
The upcoming Phase 2 upgrade will expand permissionless deployment capability to a wider user base. Creators staking 1,000,000 HYPE tokens will gain the ability to launch outcome markets without seeking validator approval, democratizing market creation on the protocol.
This shift positions Hyperliquid to compete with established platforms like Polymarket and Kalshi in the prediction market space. By lowering barriers to entry for market creators, Hyperliquid aims to expand its ecosystem and attract builders who want to launch custom outcome markets.
