SectorWire
SearchGet the daily briefing
Menu

Hyperliquid tests HIP-4 prediction markets with settlement fees

Regulation

Hyperliquid is testing HIP-4, a proposal for prediction markets with no fees on opening trades and charges at settlement, the company’s reported plans indicate. Early versions are running on testnet, with no mainnet release date announced. The proposal would cover binary contracts on outcomes including elections, sports and economic data; Hyperliquid has not disclosed its event-selection or dispute-resolution processes.

The proposal could introduce a new fee model for prediction-market operators, but key contract-approval and dispute-resolution details remain undisclosed.

Connections

Request a correction

Keep reading

Regulation

CFTC orders exchanges to end US geofencing within 30 days

The Commodity Futures Trading Commission ordered designated contract markets to end US geofencing that conflicts with impartial-access requirements within 30 days, or explain why they cannot comply. The order puts exchanges offering sports-event contracts at odds with court orders restricting Kalshi in several states and on tribal lands. Chairman Michael S. Selig said derivatives markets must operate nationally.

Within 30 days, designated contract markets must end geofencing restrictions in the U.S. that violate “impartial access requirements,” or give reasons they cannot comply, the CFTC has ordered. CFTC Chairman Michael S. Selig said in a statement that derivatives markets "must operate on a uniform basis at a national scale" to serve the purposes of the Commodity Exchange Act.

Continue reading