JPMorgan Dumps Polymarket Over Regulatory Fears

JPMorgan Chase has cut ties with Polymarket, a prediction market platform that uses blockchain technology and stablecoins for transactions.

The move comes amid increased regulatory scrutiny of the sector, with U.S. regulators signaling potential crackdowns on prediction markets.

Polymerket's reliance on stablecoins and blockchain puts it within the crypto ecosystem, which banks are increasingly wary of due to regulatory risks.