Steenkamp LR, Tiemeier H, Bolhuis K, et al. - In children, common occurrences of psychotic experiences, such as hallucinations, have been observed in relation to bullying victimization. Researchers here investigated if bullying perpetration and social position within peer networks were linked with future hallucinatory experiences using a novel peer‐nomination method. Embedded in the population‐based Generation R Study, this prospective study was performed to assess bullying perpetration, peer rejection, and peer acceptance using peer nominations at age 7 years (N = 925). Findings from peer reports revealed a higher likelihood of reported hallucinatory experiences was seen in preadolescence among bullies and socially rejected children. Vulnerability for psychotic experiences may be particularly evident for children who are both a bully and a victim of bullying (ie, bully‐victims). Compared to children who were not involved in bullying, bullies had a 50% greater, and bully‐victims a 89% greater odds, of reporting hallucinatory experiences three years later.