Hyperliquid is preparing to take on Polymarket with a new way to trade real-world events

Hyperliquid is gearing up to challenge Polymarket with a zero-fee entry for event betting as the $63 billion prediction market sector continues to explode. What to know : Hyperliquid published a fee structure for outcome tokens, signaling progress toward offering prediction market-style trading on its platform. The model charges no fees to open positions, instead applying costs on closing or settlement, with additional incentives for traders using aligned quote tokens. The rollout is tied to HIP-4, which introduces outcome tokens and could enable trading on real-world events alongside crypto assets in a single account.