JPMorgan Ditches Polymarket Over Regulatory Concerns

JPMorgan Chase has ended its banking relationship with Polymarket, a prediction market, due to regulatory concerns. The move highlights the challenges faced by crypto businesses in securing banking services despite increased federal acceptance of prediction markets.

The Financial Times reported that JPMorgan told Polymarket to find a new bank after terminating their partnership in October 2025. While the specific concerns remain unknown, the decision reflects banks' internal compliance and risk concerns when serving firms in digital asset markets and prediction markets.

Polymarket has reportedly moved its accounts to a different bank, but the identity of this new partner remains undisclosed. The incident underscores the ongoing regulatory challenges facing the crypto industry, particularly for digital asset firms that must navigate complex compliance requirements.