Lighter Decentralized Exchange Reportedly Developing Prediction Market Mechanism

Code commits in the Lighter repository suggest the platform is adding support for binary options markets via ZK Circuits. The proposed mechanism features markets with settlement caps, where shares trade between zero and the cap, fully collateralized by USDC to eliminate leverage and liquidation risks. Reports indicate Lighter may adopt a market operator model similar to HIP-3, requiring whitelisted operators to create and manage market settlements.