Hyperliquid removes need for external oracles in prediction markets

Hyperliquid expands HIP-4 with validator governed outcome markets

Hyperliquid extended HIP-4 to let validators publish and settle event-based binary markets onchain, replacing reliance on external oracle providers through a closed-loop validator vote mechanism. For teams evaluating decentralized derivatives infrastructure, this shifts settlement trust from third-party oracles to the native validator set — a meaningful design choice for compliance, transparency, and counterparty risk assessment.