Hyperliquid announces the launch of an off-chain event prediction market contract

BlockBeats news, on May 26, according to official sources, Hyperliquid now supports standardized outcome markets based on off-chain events. These markets are published by automated news feed software operated by validators and are part of their daily on-chain operations. Validators will vote on the launch and settlement of standardized markets based on multiple factors, including whether the rules are clear, whether the outcome is correct, and the subjective quality of the market.

According to Hyperliquid's official page, the first off-chain event prediction market contract, "US May CPI Year-on-Year Growth," which went live at 20:00 on May 25, has an open contract position of $12,800, and has reached a cumulative trading volume of $10,300 in nearly 12 hours since launch.