Hyperliquid challenges Polymarket with $32 million opening for prediction-market builders

Hyperliquid plans to allow external operators to create prediction markets on its blockchain, widening its challenge to Polymarket while requiring prospective deployers to put nearly $32 million of its native token at risk. The proposed HIP-4 upgrade would require each deployer to stake 500,000 HYPE, worth about $31.7 million at Monday’s token price. Hyperliquid would initially introduce the system on testnet before …