Financial Times reports that JPMorgan terminated its banking relationship with Polymarket in late 2025 due to regulatory issues.
By Omkar Godbole55 min ago1 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on JPMorgan has cut ties with Polymarket. SummaryShow- In late 2025, JPMorgan ceased its banking services to the decentralized prediction market Polymarket due to regulatory concerns, as reported by the Financial Times.
- Polymarket, which was prohibited from serving U.S. customers in 2022 following a $1.4 million settlement with the CFTC, made a return to the U.S. market in late 2025 after regulatory changes under the Trump administration.
JPMorgan Chase has officially discontinued its banking services to the decentralized prediction market platform Polymarket, as detailed by the Financial Times.
In October 2025, the bank informed Polymarket that it needed to find a new banking partner due to regulatory concerns. Polymarket has since secured a new lender, though the identity of this institution has not been disclosed, according to the FT.
The platform had been barred from offering services to U.S. users in 2022 after the CFTC imposed a $1.4 million penalty for operating an unregistered derivatives trading venue. However, it re-entered the U.S. market in late 2025 following a relaxation of federal regulations.
Despite severing the formal banking connection, JPMorgan reportedly maintains some level of engagement with Polymarket. For instance, the bank invited Polymarket's CEO Shayne Coplan to speak at a private client event in February 2026 and is still interested in potentially underwriting any future IPO.
CoinDesk has reached out to Polymarket for a statement regarding this situation.
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