Lighter’s evidence repository just received a “Binary Options Support” commit.
Litscan creator Ungus reported a newly spotted commit in Lighter’s evidence filing this weekend, showing that the platform is developing support for binary outcome (i.e. prediction) markets.
This is a clear sign that Lighter, already a leading ZK site with deep Robinhood distribution, is poised to plant a flag in the intensifying crypto prediction market wars.
— (@)
What’s the scoop?
-
The find: In a September 20 threadUngus looked through a commit titled “Binary Options Support,” noting that this is circuit-level code rather than a shipped product, meaning there is no live market or launch date yet.
Do you like this article?
Subscribe to Bankless or log in
-
Mechanical: According to the code, markets are fully collateralized in USDC with no leverage or liquidation, trade on a scale of 0 to 100, and settle at either endpoint once resolved.
-
A unique touch: The circuit also allows for scalar settlement, in which a market can pay anywhere within the range instead of a fixed yes or no, opening the door to things like a non-liquidation bet on where a pre-IPO valuation lands inside a floor and ceiling band.
-
Who is allowed: Markets are created, managed, and resolved by whitelisted traders, which is a tighter, more organized version of the “anyone can post a deposit” model that Hyperliquid uses for its HIP-3 builder-deployed markets.
-
The big picture: This advancement comes amid a broader breakdown of the boundary between perp DEXs and prediction markets. Polymarket recently launched a leveraged perps arm, Hyperliquid shipped HIP-4 event contracts, and Kalshi moved into onshore perps. Lighter’s participation gives it a chance to capture that flow within an exchange that already has Robinhood Wallet users and lists pre-IPO/RWA products.
About the Author
