JPMorgan Cut Banking Ties With Polymarket Over Regulatory Concerns: FT

JPMorgan Chase stopped providing banking services to prediction market platform Polymarket in late 2025, citing regulatory concerns, according to a Financial Times report. The bank reportedly told Polymarket in October 2025 that it would need to find a new banking partner. Polymarket has since moved to another lender, though the identity of that firm has not been disclosed.

Background on Polymarket’s US Access

Polymarket was barred from operating in the United States back in 2022 after the Commodity Futures Trading Commission fined the platform $1.4 million for running an unregistered derivatives trading venue. The company returned to the US market in late 2025 after the Trump administration eased federal regulations affecting prediction markets.

JPMorgan Maintains Some Ties Despite Split

Even after ending the formal banking relationship, JPMorgan has reportedly kept some connection to Polymarket. The bank invited Polymarket CEO Shayne Coplan to speak at a private client conference in February 2026 and is said to still be pursuing a role in underwriting any future initial public offering from the company.