Prediction market platform Polymarket is rolling out a major upgrade aimed at improving efficiency and aligning more closely with US regulations.
At the heart of the update is a new collateral token called Polymarket USD, which will replace the previously used bridged USDC. e. The new token is fully backed 1:1 by USDC, giving the platform tighter control over settlement.
The upgrade also introduces version 2 of its exchange contracts, designed to simplify order matching and improve performance. It will support advanced wallet types, including smart contract wallets used by trading bots and multisig setups.
For users, the transition is expected to be smooth, with most changes handled automatically through the interface.
The action is part of Polymarket’s efforts to improve market integrity and lower risks such as insider trading and manipulation. The company is setting itself up for wider adoption within a more compliant setting after receiving regulatory approval in the US.
Infrastructure improvements like this could be crucial to the mainstreaming of prediction markets as interest in them increases.
Source: X.com
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