Kyle Samani is betting that Hyperliquid won't be able to launch a compliant front-end in the U.S. anytime soon, continuing his criticism since February. His main argument is that the latter relies on regulatory arbitrage rather than tech innovation. Kyle has exited Multicoin and is now focused on his Solana treasury company, Forward Industries, which is deeply tied to the interests of the Solana ecosystem.
Hyperliquid recently secured partnerships with Circle and Coinbase, making USDC its core quoted asset, which is seen as a crucial step towards compliance. Kyle refuses a three-year bet but actively suggests that the other party might establish 'Hyperliquid US' through acquiring DCO and DCM, highlighting the real costs and thresholds of compliance—not tech issues, but a capital and time game to obtain scarce financial licenses. His 'prediction' seems more like sketching out for the market the realistic yet costly acquisition path that Hyperliquid must face to truly enter the U.S.
Hyperliquid's number one 'hater' Kyle Samani has initiated a betting challenge, predicting that Hyperliquid won't be able to launch a compliant front-end in the U.S. anytime soon.
On May 31, former Multicoin co-founder and Forward Industries (FORD) board chairman Kyle Samani has become Hyperliquid's top 'hater.' His representative view is: 'Hyperliquid lacks real tech innovation and is merely relying on temporary regulatory arbitrage; no legitimate U.S. company will partner with them.'
Today, Kyle once again issued a betting challenge to the community, predicting that Hyperliquid won't be able to launch a compliant front-end in the U.S. in the short term. In response, some community members expressed a willingness to invest $1 million, predicting that Hyperliquid could launch a compliant front-end in the U.S. within three years. Kyle replied that within three years, Hyperliquid might establish Hyperliquid US through acquiring DCO and DCM, adopting a compliance strategy similar to Polymarket, while also advancing tech to pass decentralized testing. Therefore, Kyle declined the three-year betting term.
BlockBeats Note: DCM (Designated Contract Market): a regulated trading platform akin to traditional futures exchanges. DCO (Derivatives Clearing Organization): a clearing organization for derivatives, equivalent to a Central Clearing Party (CCP). $HYPE
Hyperliquid recently secured partnerships with Circle and Coinbase, making USDC its core quoted asset, which is seen as a crucial step towards compliance. Kyle refuses a three-year bet but actively suggests that the other party might establish 'Hyperliquid US' through acquiring DCO and DCM, highlighting the real costs and thresholds of compliance—not tech issues, but a capital and time game to obtain scarce financial licenses. His 'prediction' seems more like sketching out for the market the realistic yet costly acquisition path that Hyperliquid must face to truly enter the U.S.
Hyperliquid's number one 'hater' Kyle Samani has initiated a betting challenge, predicting that Hyperliquid won't be able to launch a compliant front-end in the U.S. anytime soon.
On May 31, former Multicoin co-founder and Forward Industries (FORD) board chairman Kyle Samani has become Hyperliquid's top 'hater.' His representative view is: 'Hyperliquid lacks real tech innovation and is merely relying on temporary regulatory arbitrage; no legitimate U.S. company will partner with them.'
Today, Kyle once again issued a betting challenge to the community, predicting that Hyperliquid won't be able to launch a compliant front-end in the U.S. in the short term. In response, some community members expressed a willingness to invest $1 million, predicting that Hyperliquid could launch a compliant front-end in the U.S. within three years. Kyle replied that within three years, Hyperliquid might establish Hyperliquid US through acquiring DCO and DCM, adopting a compliance strategy similar to Polymarket, while also advancing tech to pass decentralized testing. Therefore, Kyle declined the three-year betting term.
BlockBeats Note: DCM (Designated Contract Market): a regulated trading platform akin to traditional futures exchanges. DCO (Derivatives Clearing Organization): a clearing organization for derivatives, equivalent to a Central Clearing Party (CCP). $HYPE