TLDR
- Hyperliquid adds Outcomes trading on testnet for prediction markets and options.
- Outcomes contracts settle in Hyperliquid’s USDH stablecoin with no liquidation risk.
- HIP-4 update supports bounded outcome contracts without leverage or margin calls.
- Hyperliquid’s cumulative trading volume reached nearly $42 billion in crypto options.
Hyperliquid announced the test launch of “Outcomes,” a new feature to expand its trading ecosystem. The platform aims to support prediction markets and limited-risk options. Outcomes will first be available on the testnet as part of Hyperliquid’s ongoing HIP-4 update.
🤔HAPPENING NOW: HYPERLIQUID SET TO LAUNCH PREDICTION MARKETS?
In a recent X post, @HyperliquidX disclosed that HyperCore will support outcome trading.
According to the post, outcomes are fully collateried contracts that settle within a fixed range, as such, they can be useful… pic.twitter.com/oiMbSsBMBQ
— BSCN (@BSCNews) February 2, 2026
The update follows rising interest in prediction markets. Leading exchanges like Coinbase and Gemini plan to offer similar trading products. Other firms, including Truth Social and Crypto.com, are also entering the sector.
Expansion into Outcome Trading
Hyperliquid described Outcomes as general-purpose contracts that can function like binary or digital options. The contracts are fully collateralized and bounded. Users can trade without leverage, margin calls, or liquidation risks.
The contracts will settle in USDH, Hyperliquid’s stablecoin, and use HyperCore, the platform’s high-performance execution engine. The feature is part of HIP-4, which builds on previous proposals to introduce event-based trading.
The team said, “There has been extensive user demand in both of these areas, and builders will likely think of novel applications as well.”
Growth of Prediction Markets and Options
Prediction markets are seeing rapid growth as a trading category. Exchanges like Polymarket and Kalshi currently lead in the space. Hyperliquid aims to compete by offering safer, bounded contracts.
At the same time, crypto options trading is maturing. Hyperliquid has recorded nearly $42 billion in cumulative trading volume. The platform recently set a record for open interest. Outcomes add a versatile layer to the sector.
The bounded contracts provide a controlled risk environment. Traders can enter markets without concern for unexpected liquidation. This approach may appeal to users seeking structured exposure to event-based trading.
Integration with Hyperliquid’s Platform
HIP-4 extends HIP-3’s builder-deployed perpetual contracts. Outcomes are designed to integrate seamlessly with Hyperliquid’s DEX ecosystem. The contracts allow users to participate in binary outcomes while maintaining capital security.
The HyperCore engine will handle execution and settlement efficiently. Outcomes are expected to broaden the use of Hyperliquid for developers and traders.
The team highlighted that Outcomes could have applications beyond traditional options and prediction markets. Users may create unique contracts to cover various market events.
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