Polymarket targets new markets for V2 as existing contracts stay separate
KuCoin reports Polymarket began rolling out Protocol V2 on October 5, introducing unified ERC-1155 position tokens, redesigned ExchangeV3 contracts and modular support for four market formats, with newly created markets targeted to move to V2 starting November 2 while existing markets stay separate.
Polymarket’s Protocol V2 rollout began on October 5, with newly created markets targeted to transition to the updated system starting November 2, according to KuCoin. Existing markets are set to remain separate.
A new framework for market creation
The update introduces unified ERC-1155 position tokens and redesigned ExchangeV3 contracts, according to KuCoin. These changes form part of the infrastructure underpinning the V2 rollout.
Protocol V2 also includes modular support for four market formats. The supplied summary does not identify those formats or detail how their operation differs.
Transition timing remains a distinction
The November 2 date is a target for moving newly created markets to V2, rather than confirmation that the transition has been completed. KuCoin’s account distinguishes that step from the rollout’s October 5 start.
Keeping existing markets separate makes this a change focused on new market creation, not a simultaneous migration of all markets. The supplied material does not provide a later migration schedule for existing markets.
What it means for prediction markets
- Market version matters: Newly created markets are targeted for V2, while existing markets remain separate; readers should not assume every market uses the updated framework.
- Timing needs confirmation: The November 2 target alone does not establish that all newly created markets have moved to V2.
- Technical scope is clearer than trading impact: Unified ERC-1155 tokens, redesigned ExchangeV3 contracts and support for four formats are specified, but the supplied summary does not establish effects on pricing, liquidity or settlement.
Sources & attribution
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- KuCoin
- Publisher
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