Pressure is most always measured cold. Panigale RC OEM included. Why would you want to use hot measurements?
That's misinformation, certainly applicable for street, but he's asking about track pressures. Cold pressures vary greatly day to day, so you want a hot measurement (if you're on the track) because it is consistent.
, assuming you're hitting hot temps (160-180F) and/or running tire warmers and can maintain it, you should be running something close to 30-35 psi (hot) in the front and 26-29 psi (hot) in the rear depending on your pace and tire wear. I say close to because those are values for SuperCorsa SC's, so the more street oriented SP2 should be close.
If I get to the track and set those pressures, then go out for a session, I expect those pressures to rise once the heat is in the tire. Do I then re-adjust the pressure back to 33/30 when the tire is hot?
If you're setting cold pressures at the track, just drop it by ~4 psi from the above (or minimally the low spec), as once the tire/rim gets up to temperature, you should see about a 4 psi tire pressure increase hot off the track. After every session, you should be tracking your pressures (and re-adjusting as necessary).
Rule of thumb: hotter or faster sessions, you run higher pressures to reduce contact patch (less tire heat). Colder or slower sessions, run lower pressure so the contact patch gets bigger (more tire heat).