HIP-4 could become a dominant prediction-market venue because Hyperliquid users can get economic exposure to platform usage through HYPE, unlike users of Polymarket or Kalshi. Arthur Hayes argues Hyperliquid’s planned HIP-4 prediction markets will stand out not just for low fees but because its HYPE token lets users share directly in the platform’s upside. Polymarket is expected to launch its own token, informally called POLY, with premarket trading implying a roughly $14 billion fully diluted…
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