JPMorgan Terminates Banking Relationship with Polymarket Due to Regulatory Concerns: Report

cryptonews.ruPublicado a 2026-08-14Actualizado a 2026-08-14

Resumen

JPMorgan Chase has terminated its banking relationship with prediction market platform Polymarket due to regulatory concerns, according to a Financial Times report. The bank notified Polymarket in October 2025 that it needed to find a new financial institution. Polymarket has since moved to an unnamed other lender. Despite ending the banking arrangement, JPMorgan maintains other business ties with Polymarket and is reportedly interested in a potential underwriting role if the platform pursues a public listing. Polymarket stated it continues to have a "close, active relationship" with the bank. Prediction markets like Polymarket are facing increased regulatory scrutiny globally. In the U.S., over a dozen states have taken legal action against Polymarket, rival platform Kalshi, or both, specifically regarding contracts on sporting events. Authorities in several other countries have also blocked or restricted access to the platform.

JPMorgan Chase has terminated its banking relationship with Polymarket due to regulatory concerns, according to the Financial Times.

In October 2025, JPMorgan notified the prediction markets platform that it needed to find a new bank, the Financial Times reported on Friday, citing sources familiar with the matter. Polymarket is now working with another unnamed lender.

However, JPMorgan has maintained other business relationships with Polymarket. The bank is reportedly interested in a potential underwriting role if Polymarket decides to go public. According to the report, Polymarket stated that it continues to maintain "close, active relationships" with JPMorgan.

Cointelegraph has reached out to JPMorgan and Polymarket for comment.

Prediction markets are facing increasing regulatory scrutiny in the US and abroad. More than a dozen U.S. states have taken legal action against Polymarket, Kalshi, or both platforms over sports event contracts, and authorities in several countries have also blocked or restricted access to Polymarket.

Magazine: Why Argentina is blocking Polymarket despite its global growth

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Preguntas relacionadas

QWhy did JPMorgan Chase terminate its banking relationship with Polymarket?

AJPMorgan Chase terminated its banking relationship with Polymarket due to regulatory concerns.

QWhen did JPMorgan notify Polymarket that it needed to find a new bank?

AJPMorgan notified Polymarket in October 2025 that it needed to find a new bank.

QDespite ending the banking relationship, in what potential future role is JPMorgan reportedly interested regarding Polymarket?

ADespite ending the banking relationship, JPMorgan is reportedly interested in a potential underwriting role if Polymarket decides to go public.

QAccording to the article, what major challenge are prediction markets like Polymarket facing globally?

AAccording to the article, prediction markets like Polymarket are facing increased regulatory scrutiny globally, including in the US and other countries.

QIn the US, what specific action have more than a dozen states taken against platforms like Polymarket and Kalshi?

AMore than a dozen US states have taken legal action against Polymarket, Kalshi, or both platforms over contracts for sports events.

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