diff --git a/requirements/dev.txt b/requirements/dev.txt
index 4439557f..4c628994 100644
--- a/requirements/dev.txt
+++ b/requirements/dev.txt
@@ -4,6 +4,10 @@
 #
 #    pip-compile --allow-unsafe requirements/dev.in
 #
+annotated-types==0.6.0
+    # via
+    #   -r requirements/prod.txt
+    #   pydantic
 attrs==23.1.0
     # via
     #   jsonschema
@@ -66,6 +70,10 @@ filelock==3.12.2
     #   virtualenv
 ghp-import==2.1.0
     # via mkdocs
+greenlet==3.0.1
+    # via
+    #   -r requirements/prod.txt
+    #   sqlalchemy
 gvgen==1.0
     # via -r requirements/prod.txt
 identify==2.5.26
@@ -133,8 +141,12 @@ pluggy==1.2.0
     #   tox
 pre-commit==3.3.3
     # via -r requirements/dev.in
-pydantic==1.10.12
+pydantic==2.5.1
     # via -r requirements/prod.txt
+pydantic-core==2.14.3
+    # via
+    #   -r requirements/prod.txt
+    #   pydantic
 pygments==2.16.1
     # via diff-cover
 pyproject-api==1.5.3
@@ -208,6 +220,7 @@ typing-extensions==4.7.1
     #   -r requirements/prod.txt
     #   black
     #   pydantic
+    #   pydantic-core
 urllib3==1.26.16
     # via
     #   -r requirements/prod.txt
diff --git a/requirements/prod.in b/requirements/prod.in
index 26e6777d..f675b91b 100644
--- a/requirements/prod.in
+++ b/requirements/prod.in
@@ -7,6 +7,6 @@ PyYAML
 click
 python-dateutil
 gvgen
-pydantic<2.0.0
+pydantic<3.0.0
 python-baseconv
 requests<=2.29.0 # There are issues with urllib on latest version
diff --git a/requirements/prod.txt b/requirements/prod.txt
index 6fc53bca..beee37fa 100644
--- a/requirements/prod.txt
+++ b/requirements/prod.txt
@@ -4,6 +4,8 @@
 #
 #    pip-compile --allow-unsafe requirements/prod.in
 #
+annotated-types==0.6.0
+    # via pydantic
 certifi==2023.7.22
     # via requests
 charset-normalizer==3.2.0
@@ -19,6 +21,8 @@ faker-edu==1.0.0
     # via -r requirements/prod.in
 faker-nonprofit==1.0.0
     # via -r requirements/prod.in
+greenlet==3.0.1
+    # via sqlalchemy
 gvgen==1.0
     # via -r requirements/prod.in
 idna==3.4
@@ -27,8 +31,10 @@ jinja2==3.1.2
     # via -r requirements/prod.in
 markupsafe==2.1.3
     # via jinja2
-pydantic==1.10.12
+pydantic==2.5.1
     # via -r requirements/prod.in
+pydantic-core==2.14.3
+    # via pydantic
 python-baseconv==1.2.2
     # via -r requirements/prod.in
 python-dateutil==2.8.2
@@ -44,6 +50,8 @@ six==1.16.0
 sqlalchemy==1.4.49
     # via -r requirements/prod.in
 typing-extensions==4.7.1
-    # via pydantic
+    # via
+    #   pydantic
+    #   pydantic-core
 urllib3==1.26.16
     # via requests