CryptoMedium•6 October 2026•
1 min read
Polymarket Unveils Protocol V2, Targets Migration to Unified pUSD Market
Key Facts
1Polymarket has unveiled Protocol V2, featuring a ground-up rewrite of the smart contracts powering its prediction markets.
2The platform targets a switch to a single pUSD market by November 2.
Polymarket has unveiled Protocol V2, featuring a ground-up rewrite of the smart contracts powering its prediction markets. According to coingape.com, the platform targets a full transition to a single pUSD market by November 2, 2026. The upgrade is designed to improve the efficiency and scalability of the platform through a technical overhaul of its core protocols.
The new version introduces a unified position management contract and establishes pUSD as the sole collateral for V2 markets. As of October 6, 2026, this technical migration replaces infrastructure that has been in place since 2019, marking a significant shift in how the platform handles market liquidity and settlement.