Crypto Exchange Hyperliquid Targets Kalshi, Polymarket with Prediction Market Push

Decentralized crypto derivatives exchange Hyperliquid is preparing to enter the prediction market sector, directly challenging established platforms Kalshi and Polymarket. The exchange, which has become one of the most active venues for digital-asset trading, has published a fee structure for outcome tokens on its testnet as it builds out prediction market infrastructure. Specific fee rates and a timeline for mainnet launch have not been disclosed. Hyperliquid's move signals growing convergence between decentralized crypto infrastructure and event-contract trading, though the product remains at the testnet stage.