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      Polymarket Launches Protocol V2 with Enhanced Features and Upcoming Market Transition

      Polymarket, a prediction market platform, has officially launched its next-generation smart contract system, Polymarket Protocol V2. This new protocol is a significant upgrade from its predecessor, which utilized a conditional token framework developed by Gnosis in 2019. The V2 system has been completely rebuilt, featuring a single ERC1155 position contract, a unified collateral system using pUSD, and an integrated exchange and routing mechanism. This redesign allows for more efficient capital use and supports various market types, including binary and composite markets.

      The new protocol introduces advanced features such as a modular architecture for position operations and settlement through OracleAggregator, which can integrate multiple oracle sources like UMA and Chainlink. Additionally, V2 includes built-in cross-chain bridging capabilities for positions and collateral, enhancing its functionality. The protocol is designed to be upgradeable through governance processes, with future research focusing on scalar settlement and directional collateral return.

      Polymarket's code has undergone extensive auditing by several firms, including Cantina and Certora, and has been formally verified, offering a maximum critical vulnerability bounty of $5 million. A canary market will be operational until October 30, with plans to launch new markets on November 2. Alongside this, Polymarket will also introduce Data API V2, which will feature a self-developed on-chain indexer to support the new protocol and improve data handling capabilities.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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