JPMorgan Ditches Polymarket Banking Ties Amid Regulatory Scrutiny

JPMorgan Chase ended its banking relationship with prediction market platform Polymarket in late 2025 due to regulatory concerns. This decision comes as the US prediction-market industry expands rapidly, highlighting the challenges emerging fintech companies face.

Polymarket was asked by JPMorgan in October to find a new banking partner, and has since secured a new lender whose identity remains undisclosed.

JPMorgan maintains a strategic interest in Polymarket, inviting CEO Shayne Coplan to speak at a private banking conference in February and reportedly eyeing an underwriting role if Polymarket proceeds with an initial public offering (IPO).