Here's Why Hyperliquid Is Now a Threat to Robinhood, Kalshi, and Polymarket
The decentralized exchange now has a capability that Robinhood lacks.
Overview
A decentralized crypto exchange breaking its way into prediction markets was not on many bingo cards this year, but on July 19, Hyperliquid (CRYPTO: HYPE) said its HIP-4 outcome markets will soon let anyone who stakes 500,000 HYPE coins (roughly $31 million at recent prices) deploy their own event contracts, with little to no gatekeeping required.
That announcement will have a smattering of knock-on effects for at least three different competitors: Kalshi, Polymarket, and Robinhood Markets (NASDAQ: HOOD). Here's why those players are now under threat from Hyperliquid.
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Originally published at www.fool.com.
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