Why did Hyperliquid's HIP-4 prediction markets reach a record level?

Hyperliquid's HIP-4 prediction markets reached a record because trading activity surged around the 2026 FIFA World Cup. Open interest climbed to approximately US$24.77 million, while World Cup markets generated US$9.63 million in weekly trading volume.

What are Hyperliquid's HIP-4 prediction markets?

Hyperliquid's HIP-4 prediction markets are fully collateralised binary outcome contracts that settle at either zero or one. The markets are backed by stablecoins within the Hyperliquid ecosystem and support trading on events such as the FIFA World Cup.

How is Bitcoin (CRYPTO) connected to Hyperliquid's HIP-4 platform?

Bitcoin (CRYPTO) was the first asset used when Hyperliquid launched HIP-4 with recurring binary markets in May 2026. The protocol later expanded to include sports prediction markets, including the FIFA World Cup champion market.

What does the rise in open interest mean for Hyperliquid's HIP-4 markets?

The increase in open interest indicates that more capital is committed to active positions on Hyperliquid's HIP-4 platform. Total open interest reached approximately US$24.77 million, with sports markets accounting for around 99% of live open interest.

Why are traders using Hyperliquid's HIP-4 prediction markets?

Traders are using Hyperliquid's HIP-4 prediction markets because positions can be opened without fees, with charges only applied when positions are closed or settled. The platform also offers fully collateralised contracts backed by stablecoins.

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Hyperliquid prediction markets reach $25M milestone

Written by Liezl GambePublished Jun 29, 2026, 1:33 AM

Hyperliquid's HIP-4 prediction markets recorded an all-time high of approximately US$24.77 million in open interest, driven primarily by FIFA World Cup markets.
World Cup prediction markets generated US$9.63 million in weekly trading volume and accounted for around 99% of live open interest.
The growth highlights rising demand for fully collateralised prediction markets built on Hyperliquid's blockchain infrastructure.

Hyperliquid's HIP-4 prediction market protocol reached an all-time high of approximately US$24.77 million in open interest as traders increased activity around markets predicting the winner of the 2026 FIFA World Cup.

Weekly trading volume on HIP-4 reached US$16.32 million as of June 11, with World Cup prediction markets contributing US$9.63 million, or about 60% of total volume, representing a 20% increase from the previous week.

Sports prediction markets now account for approximately 99% of live open interest on HIP-4, with total open interest rising to around US$51 million, including US$49.52 million tied to sports-related contracts.

The World Cup champion market has attracted the largest share of trading activity, with France, Argentina and Spain emerging as the most actively traded outcomes within the fully collateralised prediction market.

HIP-4 introduced binary outcome contracts that settle at either zero or one and are fully collateralised using stablecoins within the Hyperliquid ecosystem.

The protocol initially launched with recurring Bitcoin (CRYPTO:BTC) binary markets before expanding to sports prediction markets following its mainnet release in May 2026.

Hyperliquid (CRYPTO:HYPE) differentiates HIP-4 from competing prediction market platforms by allowing users to open positions without fees, with charges applied only when positions are closed or settled.

At the time of reporting, Hyperliquid price was $61.52.

Hyperliquid prediction markets reach $25M milestone

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