Palworld servers on GameTeam update to the latest version automatically. The Auto Update option is enabled by default, so the server checks for and downloads the newest version every time it starts.
To update your server to the latest version:
Open the Console page and Stop the server if it is running.
Start the server again. It will download and apply the latest available version during startup.
Your saves and settings are kept — you do not need to delete any files or reinstall the server.
Optional: You can confirm Auto Update is set to 1 (enabled) on the Startup page.
If you need help with this, please submit a ticket.