Hyperliquid is publicly testing a plan to add prediction markets to its platform in a direct challenge to Polymarket.
The proposal, known as HIP-4, would allow traders to buy fully collateralized binary contracts on real-world outcomes within the same margin account they use for crypto perpetual futures.
Former Barclays CEO Bob Diamond chairs Hyperliquid Strategies Inc. (NASDAQ:PURR), the largest Nasdaq-listed way to bet on the exchange.
PURR holds more than 17 million HYPE tokens, has filed an S-1 to raise up to $1 billion more, and last closed near $6. Maxim Group initiated coverage on Friday with a Buy rating and a $10 price target.
Kalshi Is Inside The Tent
The HIP-4 proposal was co-authored by John Wang, head of crypto at Kalshi, and the two companies …
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