Oracle · Polymarket · The Block
Polymarket uses Universal Market Access Optimistic Oracle, which allows participants to propose and dispute market outcomes
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On Monday, Hyperliquid launched its first offchain event prediction market, titled "May CPI year-over-year," which has accumulated $11,268 in volume so far, according to its trading page.
Key facts
- HYPE fell 3.5% over the past 24 hours to trade at $60.25, 's price page, though it remained up 26.8% over the past seven days
- On Monday, Hyperliquid launched its first offchain event prediction market, titled "May CPI year-over-year," which has accumulated $11,268 in volume so far, according to its trading page
- Hyperliquid has begun supporting outcome markets tied to offchain events as part of its HIP-4 upgrade, allowing validators to deploy and settle such prediction markets
- Hyperliquid's latest move builds on its HIP-4 upgrade, which expands the platform beyond perpetual futures into prediction markets
Summary
Hyperliquid has begun supporting outcome markets tied to offchain events as part of its HIP-4 upgrade, allowing validators to deploy and settle such prediction markets. In announcements posted on Telegram and Discord, Hyperliquid said that such outcome markets will be published by automated newsfeed software that validators run as part of their regular chain operations. "Validators vote on deployment and settlement of canonical markets based on a variety of factors, including unambiguous rules, correctness, and subjective quality of the market," the team said. The mechanism is designed to embed prediction markets into Hyperliquid's core protocol infrastructure by enabling validators to determine the creation and resolution of markets tied to real-world events. "Hyperliquid removed the need for external oracles on prediction markets.