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International Business Times
International Business Times
Business

JPMorgan Debanked Polymarket Last Year. Now It's Keeping the Door Open for an IPO.

JPMorgan informed Polymarket in October that it would need to find another bank, and the prediction market platform has since moved its banking business to another lender, whose identity was not disclosed. (Credit: Unsplash)

JPMorgan Chase terminated its banking relationship with prediction market Polymarket last year over regulatory concerns. But the Wall Street giant has maintained other ties with the fast-growing company, according to a new report.

JPMorgan informed Polymarket in October that it would need to find another bank, the Financial Times exclusively reported last week, citing people familiar with the matter. Polymarket has since moved its banking business to another lender, whose identity was not disclosed.

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