Hyperliquid’s prediction market improve, HIP-4, simply crossed a milestone that even its most optimistic backers most likely didn’t anticipate this quick. Open interest on the platform reached an all-time high of roughly $24.77M, pushed nearly totally by merchants betting on who will elevate the 2026 FIFA World Cup trophy.
The numbers behind the World Cup frenzy
Weekly buying and selling quantity on HIP-4 hit $16.32M as of June 11, 2026. Of that, $9.63M, roughly 60%, got here from World Cup value prediction markets alone. That represents a 20% improve week-over-week.
Sports activities-related markets now account for about 99% of all reside open interest on HIP-4. Whole HIP-4 open interest has since grown to round $51M, with sports activities OI contributing $49.52M of that determine. The champion market, the place merchants wager on the outright World Cup winner, is the dominant contract by a large margin.
France, Argentina, and Spain are attracting the heaviest motion. Each place is absolutely collateralized and settled in stablecoins inside the Hyperliquid ecosystem.
What makes HIP-4 totally different
HIP-4 launched absolutely collateralized binary consequence markets, which means each contract resolves to both zero or one. The improve launched on Hyperliquid’s mainnet round Might 2026, beginning with recurring BTC binaries earlier than increasing to the World Cup champion market.
One structural benefit that separates HIP-4 from opponents like Polymarket: it costs zero charges to open positions. Charges solely apply when a place is closed or settled.
