Polymarket Rebuilds Its Core With Protocol V2 And pUSD Collateral

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR: Polymarket has begun testing Protocol V2, a major rebuild of the smart contracts behind its prediction markets. The architecture consolidates markets around a unified exchange system and pUSD collateral, with canary testing expected to continue through October 30 ahead of a tentative November 2 transition for new markets. Polymarket is replacing much of the infrastructure underneath the product that made it one of crypto’s best-known prediction markets. Protocol V2 has entered live testing, introducing a new smart-contract architecture designed to simplify how markets, positions, collateral and settlement interact. The changes are deeper than a user-interface refresh. Polymarket’s existing infrastructure grew over time around a collection of contracts and extensions. V2 moves toward a more unified structure capable of supporting different market types through a common system. One of the most visible changes is collateral. The new architecture standardizes around pUSD, giving new markets a common collateral asset rather than relying on the older arrangement. Positions are also ...