GNO
+0.7%Polymarket unveils Protocol V2 ahead of November 2 new market switchover
Image: CoinGapePolymarket launched Protocol V2 on October 5, 2026, led by protocol head Rajath Alex. The upgrade replaces the 2019 Gnosis Conditional Tokens Framework for all new markets starting November 2. It uses a single ERC-1155 PositionManager, pUSD as sole collateral, and a pluggable oracle supporting Chainlink and UMA. Canary test markets run through October 30, while existing markets remain on the old framework. Six firms audited the protocol, which offers a $5 million bug bounty for critical vulnerabilities.
Key points
- Protocol V2 replaces the 2019 Gnosis Conditional Tokens Framework for all new markets launching November 2
- The upgrade uses a single ERC-1155 PositionManager and pUSD as its sole collateral token
- The protocol's pluggable oracle supports both Chainlink and UMA for market resolution
Why it matters
The upgrade simplifies market and position management for users and market makers, while the audited architecture and bug bounty aim to reduce security risks for platform participants.
Price context · LINK
At publication
$13.84
Now
$13.97
Change since
+0.94%
7 days · dashed line = publication
Sources · 2 publishers
CoinGape
Tier 2
Polymarket Unveils Protocol V2, Targets Nov. 2 Switch to a Single pUSD Market
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by CoinGape
- 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
