HYPERLIQUID STORMS $240B PREDICTION MARKET — 'DECLARES WAR' ON POLYMARKET/KALSHI

Hyperliquid just launched a prediction market platform aiming at the $240B space dominated by Polymarket and Kalshi—dropping serious capital to undercut the incumbents. The on-chain derivatives platform is betting decentralized prediction markets can steal share from centralized competitors by offering lower fees and native crypto settlement. For degenerates

Major new competitor entering prediction markets with capital; shifts competitive landscape.