Polymarket’s Engineering Vice President Publicly Acknowledges Infrastructure Lag, Announces Comprehensive Technology Upgrade Plan

Josh (@devjoshstevens), Engineering Vice President at Polymarket, publicly acknowledged that the platform’s business growth has significantly outpaced its current infrastructure capacity and announced a series of technical improvement initiatives. These include: rebuilding the CLOB (centralized limit order book) to enhance performance and stability; migrating to a new blockchain to secure additional block space, reduce gas fees, and shorten block times; fixing transaction cancellation issues; launching a unified TypeScript SDK and unified API; developing a new version of the Polymarket smart contracts with expanded functionality; and building a new perpetuals (Perps) backend entirely in Rust. Additionally, the team is hiring new leads for QA automation, developer tools, internal tools, and data engineering. It will also continue collaborating with four security teams to safeguard user funds.