Hyperliquid has launched its first HIP-4 binary market prediction contract, asking if Bitcoin will exceed $78,213 on May 3 at 2:00 PM. This move positions Hyperliquid as a competitor to Polymarket and Kalshi in the prediction market space. The platform leverages its native performance advantages to challenge these market leaders. Hyperliquid's prediction market features a unique fee structure, where trading positions are free to open, with fees applied only upon closing or settlement. Users trading with Alignment Quote Tokens benefit from a 20% reduction in taker fees and a 50% increase in maker rebates. The introduction of Outcome Tokens via the HIP-4 upgrade allows users to trade binary contracts on real-world events alongside their existing positions.