diff --git a/requirements/requirements-ci.txt b/requirements/requirements-ci.txt
index 905e6fb086..16bbcfa2ae 100644
--- a/requirements/requirements-ci.txt
+++ b/requirements/requirements-ci.txt
@@ -409,7 +409,6 @@ mypy-extensions==0.4.3
     #   -r requirements-dev.txt
     #   black
     #   mypy
-    #   raiden-contracts
     #   typing-inspect
 nest-asyncio==1.5.4
     # via -r requirements-dev.txt
@@ -623,7 +622,7 @@ pyyaml==5.4
     #   matrix-synapse
 raiden-api-client==1.1.1
     # via -r requirements-dev.txt
-raiden-contracts==0.40.3
+raiden-contracts==0.50.2
     # via -r requirements-dev.txt
 raiden-webui==1.2.1
     # via -r requirements-dev.txt
@@ -648,7 +647,6 @@ rlp==2.0.1
     #   -r requirements-dev.txt
     #   eth-account
     #   eth-rlp
-    #   raiden-contracts
 s3cmd==2.2.0
     # via -r requirements-ci.in
 semantic-version==2.8.5
diff --git a/requirements/requirements-dev.txt b/requirements/requirements-dev.txt
index e1c4339415..fc2fa693f6 100644
--- a/requirements/requirements-dev.txt
+++ b/requirements/requirements-dev.txt
@@ -362,7 +362,6 @@ mypy-extensions==0.4.3
     #   -r requirements.txt
     #   black
     #   mypy
-    #   raiden-contracts
     #   typing-inspect
 nest-asyncio==1.5.4
     # via -r requirements-dev.in
@@ -527,7 +526,7 @@ pyyaml==5.4
     # via matrix-synapse
 raiden-api-client==1.1.1
     # via -r requirements-dev.in
-raiden-contracts==0.40.3
+raiden-contracts==0.50.2
     # via -r requirements.txt
 raiden-webui==1.2.1
     # via -r requirements.txt
@@ -552,7 +551,6 @@ rlp==2.0.1
     #   -r requirements.txt
     #   eth-account
     #   eth-rlp
-    #   raiden-contracts
 semantic-version==2.8.5
     # via
     #   -r requirements.txt
diff --git a/requirements/requirements.in b/requirements/requirements.in
index 9ee3cfec52..9a16bbf536 100644
--- a/requirements/requirements.in
+++ b/requirements/requirements.in
@@ -26,7 +26,7 @@ packaging
 psutil
 pysha3
 toml
-raiden-contracts>=0.40.0,<0.41.0
+raiden-contracts>=0.40.0,<0.51.0
 raiden-webui
 requests
 structlog
diff --git a/requirements/requirements.txt b/requirements/requirements.txt
index b89330de39..2f2043667d 100644
--- a/requirements/requirements.txt
+++ b/requirements/requirements.txt
@@ -184,9 +184,7 @@ multidict==5.1.0
     #   aiohttp
     #   yarl
 mypy-extensions==0.4.3
-    # via
-    #   raiden-contracts
-    #   typing-inspect
+    # via typing-inspect
 netaddr==0.7.19
     # via multiaddr
 netifaces==0.11.0
@@ -232,7 +230,7 @@ pysha3==1.0.2
     # via -r requirements.in
 pytz==2019.1
     # via flask-restful
-raiden-contracts==0.40.3
+raiden-contracts==0.50.2
     # via -r requirements.in
 raiden-webui==1.2.1
     # via -r requirements.in
@@ -250,7 +248,6 @@ rlp==2.0.1
     # via
     #   eth-account
     #   eth-rlp
-    #   raiden-contracts
 semantic-version==2.8.5
     # via
     #   py-solc-x