Polymarket Upgrade Won't Auto-Migrate Existing Bets
Traders and third-party devs have to manually handle Polymarket's V2 contract migration.
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Key takeaways
- Polymarket is upgrading its platform infrastructure to V2 smart contracts.
- Existing bets and open positions will not automatically transfer to the new setup.
- App users must click through manual authorization prompts on the interface.
- Third-party integrations must retain legacy CTF support alongside new V2 identifiers.
Prediction market platform Polymarket is rolling out a V2 smart contract upgrade, but your open positions won't move on their own. Got active bets sitting there? You need to manually approve the transition.
What the V2 upgrade requires
This contract migration splits into distinct workflows for everyday traders and third-party developers. If you just use the standard Polymarket web interface, moving over is straightforward: accept the specific approval prompts right inside the app.
Developers have a slightly bigger hurdle to clear. External integrations need to maintain legacy support for the platform's Conditional Token Framework (CTF) while plugging in new V2 identifiers and permission controls.
Why it matters
Manual contract migrations bring real friction for traders and market makers. If you rely on trading bots, automated tools, or custom API scripts, failing to refresh your permissions leaves your setup tied to legacy contracts. Check your integration settings and app prompts before placing your next trade.
Source: CryptoSlate
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