JPMorgan Cuts Ties With Polymarket Over Regulatory Concerns

JPMorgan Chase has ended its banking relationship with Polymarket, a decentralized prediction market platform, due to lingering regulatory concerns. According to a Financial Times report, JPMorgan informed Polymarket in October 2025 that it would need to find a new banking partner.

Polymarket's regulatory history dates back to 2022 when the Commodity Futures Trading Commission ordered the platform to pay a $1.4 million settlement for operating an unregistered derivatives trading venue. The company was barred from serving U.S. customers, but reentered the American market in late 2025 after the CFTC adopted a more permissive stance toward prediction markets under new leadership.

JPMorgan's decision to exit the banking relationship suggests that regulatory acceptance at the federal level does not automatically translate into full integration with the traditional financial system. Banks have their own risk assessments to consider, and those assessments can diverge from the current political climate in Washington.