Predict.fun 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 18 differences
| Line | Predict.fun | Hyperliquid Outcomes |
|---|---|---|
| Type | VenueLists, matches and settles its own markets | VenueLists, matches and settles its own markets |
| Taker fee | 2% at 50¢Takers pay 2% × min(p, 1 − p) × shares: 100 contracts at 50¢ cost $1.00, or $0.90 with an invite code. Makers pay nothing. Minimum order 1 USDT. Open positions earn Venus yield, minus a 10% management fee. | 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$380M | $56.4M |
| New-user perk | 10% off trading fees with an invite code | 4% off fees on your first $25M of volume |
| Custody | Smart wallet in your name; Predict never holds the keys | Self-custody, same account as perps and spot |
| Identity check (KYC) | Not documentedNo KYC policy is published: you sign up with an email, a Google or X account, or your own wallet, and declare that you are not in an excluded country. | No KYCNo identity check: you connect a wallet. |
| Excluded countries | 13Terms dated 18 November 2025: the US, the UK, France, Ontario, Singapore, Poland, Thailand and Taiwan, plus sanctioned Iran, Syria, Cuba, North Korea, Crimea, Donetsk and Luhansk. Australia and Belgium appear in the terms' capitalised notice but not in their definition of restricted jurisdictions. | 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 | Optimistic oracleUMA's optimistic oracle settles markets created since March 2026: a bonded proposal, a challenge window, then a UMA token-holder vote if disputed. Recurring up/down crypto markets settle from Chainlink Data Streams. Its technical overview describes a simplified adapter with no bond or dispute, which contradicts the help pages. | 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 | USDC |
| Operator | PDF Labs Limited | Hyperliquid Corp. |
| Token | No token | HYPEHyperliquid L1 |
| Where it runs | Web | Web, Android |
| Chains | EVMBNB Chain | HyperliquidHyperliquid |
| Documented features | 4 of 10 | 4 of 10 |
| Order book | Yes | Yes |
| Anyone can create a market | No | No |
| Combos / parlays | Not documented | Not documented |
| Maker rebates | Not documented | No |
| Yield on collateral | Yes | Not documented |
| Trading API | Yes | Yes |
| Mobile app | Not documented | Yes |
| Telegram bot | Not documented | Not documented |
| Own token | No | Yes |
| Points program | Yes | No |
Which one should you pick?
Pick Predict.fun if
You trade on BNB Chain and want a low fee at 50¢ with yield on your open positions.
The second-largest on-chain venue after Polymarket on DefiLlama: a central order book on BNB Chain, a taker fee that peaks at 2% at 50¢, and Venus yield on open positions. Its terms name the operator, PDF Labs, under British Virgin Islands law, and exclude the US, the UK and France.
Read the Predict.fun reviewpredict.fun
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
