Hyperliquid launches macro prediction markets to rival…

Hyperliquid has expanded its HIP-4 outcome contracts beyond crypto price milestones into real-world macro events, letting traders bet on U.S. inflation data and Federal Reserve decisions directly alongside their crypto perpetuals — all from a single account. The move puts the decentralized derivatives venue in direct competition with Polymarket.

The key differentiator is resolution: where Polymarket relies on UMA's external oracle and its tokenholder dispute system — a model that has drawn criticism over potential influence by large holders — Hyperliquid brings settlement entirely in-house. Its own validator set ingests newsfeed data, decides which markets to list, and votes on outcomes.

Contracts are fully collateralized Yes/No binary positions settling at either 1 USDC or zero, capping downside to the amount paid upfront.