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Polymarket launches Protocol V2 with unified token system and enhanced security for prediction markets

Protocol Fundamentals
06 Oct 2026
Blockonomi
View Source
Bullish
Polymarket launches Protocol V2 with unified token system and enhanced security for prediction markets

Polymarket has rolled out Protocol V2, a major upgrade to its prediction market platform that consolidates all outcome shares into a single ERC-1155 contract and standardizes settlement in pUSD collateral. The new architecture replaces the older Gnosis Conditional Tokens Framework, simplifying market creation and resolution with a Router component and OracleAggregator for flexible outcome reporting via UMA, Chainlink, or manual reporters. Testing began October 5, with full migration for new markets planned for November 2, backed by audits from six security firms and a $5 million bug bounty program. This upgrade aims to improve security, streamline user experience, and prepare for future cross-chain capabilities, while maintaining Polygon as the primary settlement layer for now.

Polymarket's new Protocol V2 upgrade is the subject, with Pluang's market data providing context. As of Oct 06, 2026 15:41 WIB, 17 of 50 major cryptocurrencies on Pluang rose while 32 fell. Notable movers include XLM at Rp3.859 with a 3.43% decline, ALGO at Rp2.273 down 3.40%, and EGLD at Rp79.784 dropping 3.17%.

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