CoinDesk·2 min read·medium
JPMorgan shuttered its banking relationship with predictions platform Polymarket: FT
O
Omkar Godbole
✦AI Summary
JPMorgan Chase has ended its banking relationship with the prediction market platform Polymarket due to regulatory concerns. Despite the split, the bank maintains professional ties with the platform's leadership and is reportedly interested in underwriting a potential future IPO.
In October 2025 the bank told Polymarket it would have to secure a different banking partner amid regulatory worries. Polymarket has already moved to another lender, though that firm’s name remains undisclosed, the FT report said.
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