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Hyperliquid has launched Outcome Trading testnet, introducing fully funded contracts for prediction markets and event-based trading.
Summary
- Hyperliquid launched Outcome Trading under HIP-4.
- Contracts are fully collateralized with no leverage.
- Mainnet launch may follow after testing.
Hyperliquid announced on Feb. 2 that it has launched “Outcome Trading” on its testnet under Hyperliquid Improvement Proposal 4.
The new feature allows users to trade fully collateralized outcome contracts that settle within a fixed price range.
What is Outcome Trading and how it works
These deals deal primarily focus on prediction markets and real events, such as elections/sports or economic data. Like conventional crypto derivatives they are purely dependent upon outcome of the event and do not need leverage.
It is also necessary for traders to fund their positions in full, which eliminates the risk of forced liquidations. This structure is designed to provide a more stable and transparent way of dealing with uncertain events.
HyperCore will support outcome trading (HIP-4) in > Hyper Core. Outcomes are fully secured contracts that settle within a fixed range. They are a general-purpose primitive that can be used for applications like prediction markets and bounded options-like instruments. there has been.
Hyperliquid (@HyperliquidX) February 2, 2026
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$HYPE
According to Hyperliquid ($HYPE) the system introduces non-linear payouts and time-based settlement that allows traders more opportunities to express market views. Similarly, it is in the forefront of user demand for less-risk alternatives to perpetual futures.
It is designed to work with existing tools like portfolio margin and HyperEVM, as well as Outcome Trading. In this way, developers can combine outcome contracts with other decentralized apps on the platform.
The feature is currently only available in testnet and remains under active development at this stage, but it’s still a part of the process known as . Once testing has finished Hyperliquid will launch curated “canonical” markets, which they say are the future of hyperliquid. These markets will be based on USDH, the platform’s stablecoin and will use objective data sources to reduce disputes.
If user feedback is positive, the company may later allow permissionless market creation, enabling anyone to launch outcome-based contracts.
Why this matters for Hyperliquid and the market
Launch Hyperliquid continues to push beyond its roots in perpetual futures as it tries to expand into the world of , The launch comes as Hyper liquid keeps pushing out. Earlier updates, such as HIP-3, opened the door to permissionless markets for tokenized stocks, commodities and other real-world assets.
Since those changes, trading volumes have been boosted and the interest of new highs has also increased with several ecosystem projects reporting solid growth following the upgrades. Hyperliquid is now entering the rapidly growing prediction market, which already has companies such as Polymarket and Kalshir in place of its fast expanding prediction markets with outcome trading.
If it is popular on testnet, the feature may be released later in 2026 and could then be available to the mainnet. The smooth rolling out of Hyperliquid would further cement the evolution of hyperliquid into a multi-product, on-chain derivatives platform.
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