JPMorgan Cuts Banking Relationship with Polymarket
JPMorgan Chase (NYSE:JPM) terminated its banking relationship with the prediction‑market platform Polymarket in October 2025, citing regulatory concerns, according to a Wall Street Journal report that referenced people familiar with the matter. The termination reflects ongoing debates in Washington over debanking practices and a broader increase in regulatory scrutiny of prediction‑market operators across the United States.
Despite ending the formal banking relationship, JPMorgan indicated that it will continue to maintain certain limited connections with Polymarket and other prediction‑market companies. The article notes that the decision was made amid heightened regulatory attention but does not detail the nature of the remaining connections.
The piece was generated with AI assistance and subsequently reviewed by an editor, with standard Reuters and Investing.com attribution.