Hyperliquid added fully collateralised outcome markets in May 2026 and opened them to outside builders in August. A young venue with little competition sounds like the ideal place for a small, careful strategy.
Sports79%
BTC daily markets7%
Short-term price binaries9%
Fed decisions3%
Price-touch markets1%
Is anything mispriced?
| Market type | Median spread | Versus fair value |
|---|---|---|
| Sports | 0.01¢ | Within ~1¢ of Polymarket on ten NFL games |
| Fed decisions | 4¢ | Exactly Polymarket’s price (63.5 vs 63.5) |
| Price touch | 55¢ | Within a few cents of a barrier model where quoted; empty elsewhere |
Where there is volume, professional market makers price the venue off deeper markets within a cent. Where it is empty, there is nobody to trade with. Its real value is as an execution venue — and new categories may be briefly mispriced at launch.