... What makes you say that, actually? Is there an official announcement to support the claim x86 release builds are to be discontinued?
FTR, 1.7.20538 is the latest STABLE release, has been out since Sept 19th, 2019; if you head to vendor's (official) download page,
https://potplayer.daum.net/
both links (32-bit DOWNLOAD + 64-bit DOWNLOAD) yield version 1.7.20538 installers...
This change has been documented in the latest Release Notes:
As you, I don't see the reasoning behind this change ; only fairly recent CPU+GPU combinations support hardware decoding of h265/HEVC (and only on Vista SP2 +) .
This, in essence, means downgrading PotPlayer ; another way to tackle this is to install (if not already) the Open Codec bundle and then, via the player's GUI, change h265/HEVC decoder to the one from ffmpeg.dll:
Regards