Payward has reportedly presented the CFTC with an outline of the proposed structure, though regulatory approval is still pending.

Hyperliquid is in discussions to bring its perpetual futures to U.S. traders through Kraken's parent company, according to Bloomberg.

Hyperliquid's HYPE token rises on talks with Payward for U.S. market entry. HYPE reaching $100 by December 31, 2026, at 62.5% YES.