Hyperliquid has added results markets powered by an offchain event validator under its HIP-4 development, expanding its trading system beyond infinite futures into prediction markets.
Summary
- Hyperliquid has added offchain results markets under HIP-4, which allows verifiers to use and settle prediction markets within its network.
- The system reduces reliance on external services by allowing verifiers to vote on market submissions and the final solution.
- The first offchain market, “May CPI year by year,” shows how Hyperliquid plans to support real-time and futures trading.
Hyperliquid said the new markets will be published through automated newsfeed software that works as part of the chain’s normal operations. The exchange said the validators will vote on which canonical markets are distributed and how those markets are settled after the event ends.
The program gives Hyperliquid’s verifiers a role that other prediction market platforms usually assign to a separate oracle service or internal payment process. Hyperliquid said validators will check market rules, fairness, and market quality before shipping and during checkout.
“Verifiers vote for the submission and settlement of canonical markets based on a variety of factors, including clear rules, accuracy, and market quality,” the team said.
Hyperliquid uses Validators for event resolution
Under the HIP-4 design, market correction takes place within the Hyperliquid network itself. Validators act as a source of resolution for real-world events, instead of sending disputes or resolution decisions to an external system.
Hyperliquid developer Yaugourt said on X, “Hyperliquid has just removed the need for external oracles in the prediction markets. The validation set is now the oracle.” In the same post, Yauguurt said that Hyperliquid made the decision for the original event “the work of native chains.”
The model is different from Polymarket and Kalshi. Polymarket uses UMA’s Optimistic Oracle, where users can propose results and dispute them through a separate protocol layer. Kalshi, which operates as a regulated exchange, manages transactions through its own exchange framework under regulatory oversight.
In Hyperliquid, the “canonical” label refers to markets that have been tested and corrected by verifiers. Exchange announcements said that the verifiers check whether the market rules are clear and whether the market meets quality standards before it becomes part of the official results market system.
HIP-4 delivers fully integrated Prediction markets
Hyperliquid said the results markets went live on the mainnet on May 2 with the first release with limited features. The development of HIP-4 extends the scope of the exchange product from fixed futures to event contracts with real-world outcomes.
According to Hyperliquid, these results contracts are fully mutually exclusive. They stay within a set distance and do not involve energy or elimination. The exchange said this structure separates them from futures indefinitely while keeping them within the same trading environment.
On Monday, Hyperliquid launched its first event market, titled “May CPI year-over-year.” According to its trading page, the market had recorded $11,268 in volume.
The first market shows how exchanges plan to use HIP-4 for public events that take place outside of blockchain networks. The release of economic data, such as inflation figures, is one category of events that can be priced by traders before final settlement.
Shared collateral adds a case for using a trading desk
The new market format also gives Hyperliquid users a way to hold event market positions and perpetual contracts in one account. A single account can use shared securities for all types of positions on the platform.
Sunny Shi, an investor at Syncracy Capital, said, “Skillful traders will be able to take advantage of portfolio margin and find ways to generate alpha in these two different types of markets.”
The structure may be suitable for trading desks that compare the use of funds across the independent speculation and derivatives markets. The Hyperliquid setup keeps the results markets within the same exchange system that already supports permanent futures trading.
