This market will resolve to "Yes" if Hyperliquid officially implements KYC requirements for users by 11:59 PM ET on the date specified in the title. Otherwise, this market will resolve to "No". KYC is defined as a mandatory identity verification process — including but not limited to submission of legal name, government-issued ID, proof of address, or biometric verification — required for users to access core trading functionality on Hyperliquid (spot, perpetuals, or HyperCore). The requirement must be implemented by Hyperliquid itself, by the Hyperliquid Foundation, by Hyperliquid Labs, or via the official Hyperliquid frontend (app.hyperliquid.xyz) or any official successor frontend. Frontend-level KYC at app.hyperliquid.xyz qualifies regardless of whether the underlying Hyperliquid protocol remains permissionlessly accessible via direct contract interaction or third-party frontends. KYC enforced solely by third-party frontends, wallets, or fiat on-ramp partners does not qualify. Geofencing or IP-based restrictions alone do not qualify — the requirement must involve identity collection. Optional KYC offered in exchange for enhanced features (higher limits, lower fees, access to additional assets) does not qualify if base trading functionality remains accessible without verification. A pilot, beta, or rollout limited to a specific jurisdiction (e.g. US users only) does qualify, provided KYC is live and enforced for the targeted user group and the rollout is officially confirmed by Hyperliquid. An announcement, policy proposal, or governance vote without live enforcement does not qualify. Once KYC is live and enforced for at least one qualifying user cohort, this market will resolve to "Yes" — a subsequent reversal or rollback does not change resolution. If Hyperliquid announces KYC but does not enforce it on at least one live user cohort by the resolution date, this market will resolve to "No". The resolution source is official communications from Hyperliquid (https://x.com/HyperliquidX), the Hyperliquid Foundation, or the Hyperliquid Policy Center, corroborated by credible news sources.