# Hyperliquid Policy Center

**Type:** Research and advocacy organization  
**Focus:** Decentralized prediction markets regulatory clarity  
**Backing:** Hyper Foundation (1M HYPE)  
**Status:** Active

## Overview

The Hyperliquid Policy Center (HPC) is an independent research and advocacy organization dedicated to advancing a clear, regulated path for Americans to access decentralized markets. It functions as the official policy advocacy arm for Hyperliquid's decentralized perpetuals and prediction market model.

## Key Positions

- Advocates for regulatory clarity that accommodates decentralized, blockchain-based platforms alongside centralized ones
- Argues that public, market-based prices are a public good that can aggregate dispersed information into price signals outperforming polling and expert analysis
- Claims decentralization technologies improve transparency, reliability, settlement security, and surveillance — directly contributing to CFTC goals
- Warns against rules designed only for centralized exchanges (mandatory intermediaries, operator-based surveillance models)
- Emphasizes that decentralized platforms have no custodians or central operators managing customer balances — no single points of failure
- Highlights that every trade and collateral is recorded permanently on-chain — end-to-end transparency for regulators and users

## Regulatory Strategy

HPC's regulatory framing focuses on structural decentralization (no custodian, on-chain settlement) rather than functional differentiation between event-betting and governance markets. This reflects Hyperliquid's business interest: enabling US users to access Hyperliquid HIP-4 without DCM registration requirements.

## Timeline

- **2026-04-30** — Submitted extensive comment letter to CFTC in response to ANPRM on Prediction Markets (comment period closed). Only comment in 800+ submissions specifically addressing decentralized prediction markets.