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Hyperliquid plans prediction market expansion; HYPE token jumps

Decentralised derivatives trading platform Hyperliquid has announced plans to expand into prediction markets, Cointelegraph reported on Feb. 3. The plan took shape as HyperCore backed the HIP-4 proposal on Hyperliquid’s layer-1 network. The new feature would allow fully collateralised contracts to bet on markets such as political elections and sports. Hyperliquid said on X that it responds to strong user demand. The feature is being tested on a testnet and would settle in USDH after launch.