Polymarket Deploys Protocol V2 With PUSD Standard Collateral
Image: BitcoinistPolymarket launched live testing of its Protocol V2 rebuild on October 5, 2026. The upgrade overhauls the platform's prediction market settlement, market creation and position tracking infrastructure. Canary testing runs through October 30, with full new market migration to V2 targeted for November 2. All V2 markets will use PUSD as exclusive collateral, with positions consolidated under a single ERC-1155 contract. Six independent auditors reviewed the V2 codebase, and no forced migrations will occur for active legacy markets.
Key points
- Polymarket has launched live testing of its Protocol V2 smart contract rebuild.
- Canary testing of V2 will run through October 30, with new market migration targeted for November 2.
- All new V2 markets will use PUSD as their exclusive settlement collateral.
- No forced migrations will be applied to active legacy markets on the old infrastructure.
Why it matters
The upgrade unifies Polymarket's market and collateral standards, reducing complexity for developers and users. It maintains continuity for existing active market positions while enabling support for new market types through the reorganized architecture.
Sources · 2 publishers
Bitcoinist
Tier 2
Polymarket Rebuilds Its Core With Protocol V2 And pUSD Collateral
Coverage timeline
- First reported by Blockonomi
- Confirmed by Bitcoinist
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
