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Polymarket on Monday morning unveiled sweeping changes to trading and contracts coming to its platform over the next few weeks.
Key Takeaways
- The changes will give Polymarket more autonomy and create an upgraded experience.
- Polymarket last month revealed a series of changes to combat insider trading.
- New AI integrity monitoring technology is also being developed for the platform’s sports markets.
Polymarket is known for offering binary contracts in markets for the sports, financial, entertainment, weather, and political industries.
The announcement states the upcoming innovations are in response to customer feedback. The updated platform, its self-proclaimed “biggest infrastructure change since launch,” will feature a rebuilt trading engine, new and improved smart contracts, and a new digital asset for traders called Polymarket USD.
We’ve heard your feedback, and we’re excited to announce Polymarket is getting a full exchange upgrade.
Over the next few weeks, we’re rolling out a rebuilt trading engine, upgraded smart contracts, and a new collateral token (Polymarket USD) to move off USDC.e. 🧵
— Polymarket (@Polymarket) April 6, 2026
“Faster execution, lower gas, (and) a cleaner foundation going forward,” the announcement promises.
Creating a new collateral token, Polymarket USD, means Polymarket now has its own financial infrastructure instead of being dependent on a third party. It also gives the company the flexibility and autonomy to react to changes and regulatory developments should any arise.
Additionally, getting off USDC.e, a bridged asset, reduces the chance of computer hacks and preemptively removes a potential danger for customers.
Controversy continues to brew
As scrutiny continues to mount on prediction market sites, Polymarket has taken several steps to purify its platform.
Changes began in early March when the platform removed a controversial market related to nuclear attacks in Iran. The market had existed for years and was still live for three days after the U.S. and Israel launched their first attack against Iran, but it was removed after a viral social media post was circulated on X.
Later in March, the company released its new approaches to combatting illegal insider trading. New policies banned the buying and selling of contracts for customers with certain inside information and illegal tips, as well as for individuals who have the power to influence the outcome of a particular event.
Polymarket’s top prediction rival, Kalshi, also in March unveiled new security and integrity policies to fight insider trading.
These updates came after prediction users won money in several suspicious manners. For example, one Polymarket user claimed more than $400,000 for predicting the capture of former Venezuelan President Nicolas Maduro.
Six polymarket accounts in March also won close to $1 million by predicting the U.S. would attack Iran before Feb. 28.
Polymarket innovating in security
Still, the pushback surrounding sports event contracts have dominated prediction market news. State gaming officials have argued offering binary “Yes” and “No” contracts allows prediction platforms to operate as unlicensed sports betting providers.
Polymarket CEO Shayne Coplan recently shared that his company is building new AI sports integrity monitoring technology thanks to partnerships with Palantir and TWG AI. This will help regulate its sports event markets and identify any potential nefarious activity.
“(This is) the way it should have been built,” Coplan said.
This article originally appeared on Covers.com, read the full article here and view our best betting sites or check out our top sportsbook promos.
