Polymarket unveils Protocol V2, set for full mainnet switchover on Nov 2

Polymarket: Polymarket operates a decentralized prediction market platform built on blockchain technology, allowing users to trade on event outcomes in categories such as politics and sports. In the reported development, the platform is launching Protocol V2 to replace its legacy Gnosis CTF foundation with a unified architecture centered on a single ERC-1155 position contract and consolidated exchange components. The upgrade introduces native support for multiple market types along with multi-oracle integration and cross-chain features. Rajath Alex: Rajath Alex is the Head of Protocol at Polymarket. He publicly announced the rollout of Protocol V2, highlighting its transition from the platform's 2019-era foundation to address architectural limitations and improve overall system design. Protocol Upgrade: The new version unifies Polymarket around a single position contract and router to support binary, neg-risk, and combinatorial markets within one modular framework. Security Enhancements: Protocol V2 has received formal verification by Certora along with extensive audits before its planned deployment. Technical Integration: The upgrade incorporates a multi-oracle aggregator and native cross-chain bridging to expand functionality across different market types.