JP Morgan Ditches Polymarket Over Regulatory Fears

J.P. Morgan Chase (JPM) ended its banking relationship with Polymarket Inc., a prediction-market operator, in October 2025 due to regulatory concerns. According to people familiar with the matter, as cited by the Financial Times, J.P. Morgan cut ties with Polymarket over worries about compliance issues.

Polymarket subsequently moved its banking business to another financial institution. This development raises questions about the banking risks associated with prediction markets and their $20 billion valuation.