Polymarket · Oracle · Federal Reserve (FED) · CoinDesk
Hyperliquid takes a swing at Polymarket with macro outcome bets
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Decentralized platform Hyperliquid is now competing with established betting platforms such as Polymarket, but with a differentiated mechanism for resolving bets.
Key facts
- For example, you could pair a HIP‑3 perps position on NVDA with outcome markets that NVDA will miss or beat earnings,” CoinDesk previously reported
- Traders buy “Yes” or “No” positions tied to a defined event, with contracts settling at either 1 USDC or zero USDC depending on the result
- The leading decentralized exchange has expanded its HIP-4 outcome contracts beyond crypto price milestones into real-world events
- What sets it apart is that HIP‑4 brings dispute resolution and settlement in‑house, rather than depending on an external oracle network like Polymarket
Summary
Hyperliquid has expanded its HIP-4 outcome market to let users trade prediction-style contracts on offchain events like U.S. inflation data and Federal Reserve decisions alongside crypto derivatives. Unlike rival Polymarket, which relies on UMA’s external oracle, Hyperliquid resolves these markets through its own validator set, which ingests news, decides which markets to list and votes on settlement outcomes. The fully collateralized Yes/No contracts, which settle at either 1 USDC or zero, position Hyperliquid as a potential multi-asset venue where traders can combine crypto perps with macro and event-driven bets without shifting collateral across platforms. The leading decentralized exchange has expanded its HIP-4 outcome contracts beyond crypto price milestones into real-world events.