Hyperliquid has announced plans to enhance its decentralized exchange with the HIP-4 upgrade, which will introduce 'outcome trading' and support the permissionless deployment of prediction market contracts. This future enhancement will allow users to create prediction markets on the platform, subject to validator-approved templates. Currently, these markets remain under validator control. Prediction markets, a rapidly growing sector in the blockchain industry, enable participants to bet on various event outcomes, from central bank decisions to entertainment events. The sector, dominated by platforms like Polymarket and Kalshi, has seen significant growth, with events like the FIFA World Cup attracting over $50 billion in bets.