XO Market 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 | XO Market | Hyperliquid Outcomes |
|---|---|---|
| Type | VenueLists, matches and settles its own markets | VenueLists, matches and settles its own markets |
| Taker fee | 3% at 50¢Takers pay shares × base rate × p × (1 − p). The base rate is 6% on Pulse rounds, so 100 contracts at 50¢ cost $1.50; other markets set their own. Makers pay nothing and receive 35% of the taker fee on eligible markets. Creating a market costs $1 plus a seed order of at least $10. | 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$66M | $56.4M |
| New-user perk | None documented | Edge4% off fees on your first $25M of volume |
| Custody | Self-custody smart wallet | Self-custody, same account as perps and spot |
| Identity check (KYC) | No KYCNo identity check to open an account or trade; contest and referral payouts may require verification. | No KYCNo identity check: you connect a wallet. |
| Excluded countries | 8Its terms exclude the US, the UK, France, Singapore and Ontario, plus Cuba, Iran, North Korea and Syria. No date is shown on the page. | 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 appealMODRA, a panel of independent AI agents, drafts the rules and proposes outcomes; when agents disagree or a trader challenges, a court of staked human jurors decides. XO can also void a market. Stories, its multi-leg bets, settle on the data sources in their leg rules, reviewed by XO where required, and XO takes the other side; MODRA applies only if the leg rules say so. | 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 | XO rollup (Celestia DA) | HyperCore (L1 Hyperliquid) |
| Collateral | USDC | USDC |
| Operator | Not documented | Hyperliquid Corp. |
| Token | No token | HYPEHyperliquid L1 |
| Where it runs | Web | Web, Android |
| Chains | — | EdgeHyperliquidHyperliquid |
| Documented features | Edge6 of 10 | 4 of 10 |
| Order book | Yes | Yes |
| Anyone can create a market | Yes | No |
| Combos / parlays | Yes | 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 | No | Yes |
| Points program | Yes | No |
Which one should you pick?
Pick XO Market if
You want to create your own markets and earn 20% of their lifetime trading fees.
The most open venue in the series: anyone can create a market for $1 plus a $10 seed, and a panel of AI agents resolves it, with staked human jurors on appeal. No company is named behind it, and its taker fee depends on the market: 3% at 50¢ on Pulse rounds.
Read the XO Market reviewAffiliate link in eligible countries
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
