Apple Watch is not updating to WatchOS 2 beta with public profile I have the profile installed and have done many restarts on my iPhone and my Watch.

Both devices have the public beta profile

iPhone running iOS 9 beta 4 (after upgrading from public beta 1)
Watch running 1.0.1 atm
There is no public beta for WatchOS 2.0. Developers can get WatchOS 2.0 by downloading an additional provisioning profile for the watch.