JPMorgan Chase has officially ended its banking relationship with the decentralized prediction market platform Polymarket, as reported by the Financial Times. The decision, made in late 2025, was prompted by regulatory concerns surrounding the platform.
In October 2025, JPMorgan notified Polymarket that it would need to secure a new banking partner. While Polymarket has since found a different lender, the name of this new financial institution has not been disclosed.
Polymarket had previously been prohibited from servicing U.S. customers in 2022 due to a $1.4 million settlement with the Commodity Futures Trading Commission (CFTC) for operating as an unregistered derivatives trading venue. However, it was able to re-enter the U.S. market in late 2025 after the Trump administration relaxed certain regulations.
