JPMorgan Chase terminated its banking relationship with prediction market platform Polymarket in late 2025 as regulatory concerns grew, the Financial Times reported.
In October 2025, the bank informed Polymarket that it would need to find a new financial institution to handle its banking needs. The platform has since secured another lender, although the identity of the new banking partner has not been made public, according to the report.
Polymarket had previously been restricted from operating in the U.S. In 2022, the Commodity Futures Trading Commission reached a $1.4 million settlement with the company over allegations that it operated an unregistered derivatives trading platform. The platform returned to the U.S. market in late 2025 after federal regulators under the Trump administration eased restrictions.
JPMorgan’s decision to end the banking relationship has not completely severed its ties with Polymarket. In February 2026, the bank invited Polymarket CEO Shayne Coplan to speak at a private client event. JPMorgan is also reportedly interested in underwriting a potential Polymarket IPO in the future.
CoinDesk contacted Polymarket seeking a response to the report.
