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

cryptonews.ruPublicado em 2026-08-14Última atualização em 2026-08-14

Resumo

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

end-content

Perguntas 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.

Leituras Relacionadas

Dartmouth endowment’s crypto exposure drops by $2M amid falling prices

The value of Dartmouth College's $9 billion endowment's crypto-related investments fell by over $2 million in the second quarter of 2026. According to an SEC filing, the endowment held approximately $12.4 million in three crypto ETFs as of June 30—Bitwise Solana Staking ETF, Grayscale Ethereum Staking ETF, and BlackRock iShares Bitcoin ETF. While the number of shares remained unchanged from March 31, the portfolio's total value dropped by about 15% from $14.6 million. This decline aligned with falling cryptocurrency prices: Bitcoin dropped 7.7%, Solana 9.6%, and Ether 10.8% over the same period. Dartmouth was an early adopter among U.S. university endowments, first adding crypto exposure in 2025. Separately, Harvard University's $57 billion endowment liquidated its entire $87 million position in BlackRock's iShares Ethereum ETF as of March 31.

cointelegraphHá 9m

Dartmouth endowment’s crypto exposure drops by $2M amid falling prices

cointelegraphHá 9m

Kraken parent Payward revenue rises 17% as trading volume falls in Q2

Kraken's parent company Payward reported $508 million in adjusted revenue for Q2, a 17% year-over-year increase despite a 13% decline in total transaction volume to $310 billion. The growth was driven by diversification, with asset-based and other revenue now accounting for 60% of the total, up from 55%. Key factors included expansion into traditional futures, equities, and tokenized assets, which helped offset weaker crypto spot trading. The company also reported a 42% increase in funded accounts to 6.6 million and remained adjusted EBITDA positive at $23 million. Payward has broadened its offerings through acquisitions like NinjaTrader and Bitnomial, and by entering new areas such as pre-IPO exposure and wallet infrastructure.

cointelegraphHá 24m

Kraken parent Payward revenue rises 17% as trading volume falls in Q2

cointelegraphHá 24m

Morgan Stanley Analyzes Cryptocurrencies: Bitcoin and Ethereum Holdings Rise, First Move into Altcoins!

In Q2, Morgan Stanley significantly increased its crypto sector investments. It boosted its stake in Circle, raising holdings from approximately 1.46 million to 8.32 million shares. The bank also expanded its positions in spot Bitcoin and Ethereum ETFs. Its stake in BlackRock's iShares Bitcoin Trust (IBIT) grew by about 23% in share count, though its market value fell by 18% due to Bitcoin's price decline. Holdings in other Bitcoin ETFs like Grayscale Bitcoin Mini Trust and Fidelity's FBTC also saw substantial increases. Investments in Ethereum products were even more aggressive, with its position in BlackRock's iShares Ethereum Trust surging by roughly 202%. Morgan Stanley also entered the Solana market, opening new positions in Grayscale Solana Staking and Fidelity Solana funds. Within crypto-related equities, the bank increased stakes in mining and infrastructure companies such as Cipher Digital, Core Scientific, Hut 8, and Bitdeer. Conversely, it reduced its position in Coinbase by about 550,000 shares and slashed its CleanSpark holding by over 3.1 million shares. Morgan Stanley completely exited its roughly 8 million share position in Bitfarms. *This is not investment advice.

cryptonews.ruHá 29m

Morgan Stanley Analyzes Cryptocurrencies: Bitcoin and Ethereum Holdings Rise, First Move into Altcoins!

cryptonews.ruHá 29m

UK authorities continue probe into Nigel Farage’s crypto ‘gifts’ after by-election win

UK authorities have resumed an investigation into Reform UK leader Nigel Farage over alleged failure to declare significant "gifts" from figures linked to the crypto industry, following his victory in a parliamentary by-election. The probe, paused after his July resignation, restarted after he was re-elected as MP for Clacton. It centers on a $6.7 million donation from cryptocurrency billionaire Christopher Harborne and funding for staff and security from George Cottrell, a convicted fraudster tied to a crypto casino. Under parliamentary rules, MPs must register financial interests. Farage has described the contributions as unconditional gifts. If found in breach, he faces possible suspension, which could trigger another by-election. Separately, amid the scandal, Labour lawmakers are reportedly pushing to make a temporary ban on crypto donations permanent to curb potential foreign influence.

cointelegraphHá 2h

UK authorities continue probe into Nigel Farage’s crypto ‘gifts’ after by-election win

cointelegraphHá 2h

VanEck, Managing Billions, Responds: 'Has Bitcoin's End of the Month Arrived?'

VanEck, an investment firm managing billions, suggests that Bitcoin may be nearing the end of its current downtrend. The analysis notes that Bitcoin's drop from a peak around $125,000 to $60,000 aligns with a traditional post-halving bearish phase. However, signs of selling exhaustion are emerging, and some indicators are turning positive. VanEck's proprietary GEO model (assessing Global liquidity, Ecosystem leverage, and On-chain activity) shows two of its three signals at neutral levels, while the ecosystem leverage indicator presents a constructive outlook. The firm interprets these combined signals as pointing to the formation of a cyclical bottom, potentially providing a basis for investors to begin gradually accumulating Bitcoin. Despite this, VanEck cautions that it cannot be definitively stated that Bitcoin has reached its lowest point. The current sharp decline is viewed as part of Bitcoin's typical four-year halving cycle pattern rather than a structural market failure. The firm concludes by noting that while market cycles are based on past behavior, there is no guarantee they will repeat identically in the future.

cryptonews.ruHá 2h

VanEck, Managing Billions, Responds: 'Has Bitcoin's End of the Month Arrived?'