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Hyperliquid launches Bitcoin outcome contracts, challenging prediction markets

The DeFi exchange started its first outcome contracts over the weekend, processing $6 billion in daily derivatives volume, and cited early results that drew attention.

Reported · Written up by our desk · Market Structure

Hyperliquid launched its first Bitcoin outcome contracts over the weekend as it moves further into the prediction markets space, positioning itself against rivals including Kalshi and Polymarket, according to DL News.

The report says Hyperliquid processes $6 billion in daily derivatives volume, and that its initial performance in the new outcome market beat Polymarket and Kalshi.

DL News also notes that Bernstein described the move as a signal that prediction markets are increasingly being used as institutional hedging tools.

The article adds that Hyperliquid is “nibbling away” at Kalshi and Polymarket, with early numbers from the weekend launch drawing attention.

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