Kalshi prediction market applied for Hyperliquid (HYPE) perpetual futures, expanding the list beyond altcoins such as Ethereum (ETH), XRP, Solana (SOL), Stellar (XLM), Dogecoin (DOGE), Shiba Inu (SHIB), and Hedera (HBAR). This comes after the CFTC-regulated prediction market successfully launched Bitcoin and Ethereum perpetuals trading for users in the United States.
Kalshi Eyes to Launch Hyperliquid Perpetual Futures
Kalshi prediction market has filed with the CFTC to launch perpetual futures for Hyperliquid (HYPE), according to the latest filing. This comes as the platforms have a close partnership and are expanding into each other’s core businesses.
Notably, Kalshi and Hyperliquid collaborated on a major HIP-4 infrastructure upgrade. This brought Kalshi’s regulated financial and prediction markets onto Hyperliquid’s decentralized execution layer.
As Coingape reported earlier, Kalshi filed with CFTC to list several perpetual contracts tied to altcoins such as ETH, XRP, SOL, DOGE, XLM, LINK, BCH, LTC, SUI, SHIB, DOT, and HBAR. However, the prediction market left out Hyperliquid (HYPE).
This puts the prediction market in direct competition with Hyperliquid, Binance, and Coinbase. Arthur Hayes claimed Hyperliquid could lose market share as TradFi platforms and major crypto exchanges enter the perpetual futures segment.
Kalshi launched Ethereum perpetual futures trading last week. The CFTC plans to use a case-by-case review process for approving perpetual futures contracts listing beyond Bitcoin.
HYPE Price Jumps amid Wall Street’s Interest
HYPE price jumped 1% in the past 24 hours, currently trading at $61.95. The intraday low and high were $60.92 and $65.56, respectively. Furthermore, trading volume has increased by 20% over the last 24 hours.
CoinGlass data showed massive buying in the derivatives market. At the time of writing, the total Hyperliquid futures open interest climbed 2% to $2.58 billion in the last 24 hours. HYPE futures OI on Binance, OKX, and Bybit jumped more than 1%, 4% and 6%, respectively. This signals bullish sentiment among derivatives traders.
Moreover, Citrini Research called HYPE a compelling investment, noting Hyperliquid has accounted for nearly half of all crypto token buybacks in 2025. Hyperliquid also topped 24-hour fees at $1.9 million, grabbing interest from Wall Street and Kalshi.