Opinion vs Hyperliquid Outcomes
Same lines, side by side: fee at 50¢, custody, KYC, excluded countries, resolution and volume, from official pages and DefiLlama.
See the 17 differences
| Line | Opinion | Hyperliquid Outcomes |
|---|---|---|
| Type | VenueLists, matches and settles its own markets | VenueLists, matches and settles its own markets |
| Taker fee | 0.5–1% at 50¢Takers pay the market's topic rate × p × (1 − p), capped at 1% at 50¢, with a $0.25 minimum: 100 contracts at 50¢ cost $0.25 to $0.50. Makers pay nothing and receive 50% of the taker fee. Minimum order $5, minimum withdrawal $5. | Not publishedHyperliquid's fee page says outcome trades pay only when a position is closed or settled, never when it opens, but gives no rate, and its HIP-4 page still says outcome fees are zero during testing. DefiLlama counted $75.5K of outcome fees over 30 days, front-end builder fees included, on $56.4M of volume. Makers pay nothing. |
| 30-day volume | Edge$267M | $56.4M |
| New-user perk | Up to 10% off trading fees with a referral code | 4% off fees on your first $25M of volume |
| Custody | Self-custody: you trade from your own wallet | Self-custody, same account as perps and spot |
| Identity check (KYC) | Not documentedNo KYC policy is published; you connect a self-custody wallet such as Binance Wallet, OKX or MetaMask. | No KYCNo identity check: you connect a wallet. |
| Excluded countries | 14Terms dated 19 October 2025: the US, the UK, France, Ontario, Singapore, Poland, Thailand, South Korea, China, Taiwan and Hong Kong, plus sanctioned countries and regions. The site returns a geo-block page from France. | 1Hyperliquid's terms exclude the US, Ontario and sanctioned territories. Outcome markets add their own list of “Excluded Persons”, which Hyperliquid does not publish. |
| Resolution | AI panel, human appealOpinion AI proposes the outcome from predefined sources, then a jury of models and human reviewers check it. Anyone can dispute within the window, usually two hours, by staking OPN: an upheld dispute returns twice the stake, a rejected one loses it. | Validator voteValidators publish the canonical markets and vote their outcomes on-chain against predefined rules, with a dispute window. No UMA or Chainlink oracle is involved. |
| Settles on | BNB Chain | HyperCore (L1 Hyperliquid) |
| Collateral | USDT | USDC |
| Operator | Superchillclub Limited | Hyperliquid Corp. |
| Token | OPNBNB Chain | HYPEHyperliquid L1 |
| Where it runs | Web | Web, Android |
| Chains | EVMBNB Chain | HyperliquidHyperliquid |
| Documented features | Edge6 of 10 | 4 of 10 |
| Order book | Yes | Yes |
| Anyone can create a market | Yes | No |
| Combos / parlays | Not documented | Not documented |
| Maker rebates | Yes | No |
| Yield on collateral | Not documented | Not documented |
| Trading API | Yes | Yes |
| Mobile app | Not documented | Yes |
| Telegram bot | Not documented | Not documented |
| Own token | Yes | Yes |
| Points program | Yes | No |
Which one should you pick?
Pick Opinion if
You want macro and political markets on BNB Chain with the cheapest taker fee at 50¢.
A BNB Chain venue built around macro and political markets, with the lowest maximum taker fee in the series, 1% at 50¢, and an AI oracle whose results anyone can dispute by staking its OPN token. Its January 2026 volume drew public questions about wash trading, and DefiLlama filters flagged wallets out of its figure.
Read the Opinion reviewopinion.trade
Pick Hyperliquid Outcomes if
You already trade on Hyperliquid and want event contracts next to your perps, without KYC.
Prediction markets inside Hyperliquid: since May 2026, outcome contracts trade on HyperCore's order books from the same account as your perps and spot, settled in USDC and resolved by validator vote. The open question is the fee: positions pay on close or settlement, at a rate Hyperliquid has not published.
Read the Hyperliquid Outcomes reviewapp.hyperliquid.xyz
