Hyperliquid takes aim at Kalshi, Polymarket targeting $24bn prediction markets
By Lance Datskoluo
AI summary of the source article
Decentralised finance exchange Hyperliquid has launched outcome contracts, entering direct competition with prediction market platforms Polymarket and Kalshi. The expansion into binary markets targets growing institutional interest in event-risk hedging, supported by existing prime brokerage and clearing integrations from FalconX and Ripple Prime. Hyperliquid's new product launched with Bitcoin price outcomes, with plans to expand to Ether and HYPE contracts.