Hyperliquid (CRYPTO: $HYPE) has announced plans to add decentralized prediction markets to its platform as it diversifies into new revenue streams.
Hyperliquid is a decentralized Layer-1 blockchain with an integrated decentralized exchange designed for spot and perpetual futures trading
It’s now getting into prediction markets. Going forward, anyone will be able to offer a prediction market on Hyperliquid’s platform, subject to approval from validators. More From Cryptoprowl: Prediction markets allow people to bet on the outcome of real-world events such as sports, elections and the weather.
The sector is dominated by Polymarket and Kalshi. Hyperliquid is entering the space as prediction markets grow in popularity. This year’s FIFA World Cup generated $50 billion U.S. in betting across multiple platforms.