This paper presents a scheme for adaptive mesh refinement on unstructured polygonal meshes to better capture crack patterns in dynamic cohesive fracture simulations. A randomly-seeded polygonal mesh leads to an isotropic discretization of the problem domain, which does not bias crack patterns, but restricts the number of paths that a crack may travel at each node. An adaptive refinement scheme is proposed and investigated through a detailed set of geometric studies. The refinement scheme is selectively chosen to optimize the number of paths that a crack may travel, while still maintaining a conforming domain discretization. The details of the refinement scheme are outlined, along with the criterion used to determine the region of refinement and the method of interpolating nodal attributes. Extrinsic cohesive elements are inserted when and where necessary, and follow the constitutive response of the Park-Paulino-Roesler (PPR) cohesive model. The influence of bulk and cohesive material heterogeneity is investigated through the use of a statistical distribution of material properties. The adaptive mesh modifications are handled through a compact topological data structure. Numerical examples highlight the features of adaptive refinement in capturing physical fracture patterns while addressing computational cost. Thus, the present approach is a step towards obtaining accurate dynamic fracture patterns and fields with polygonal elements.