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Benzinga
Benzinga
Business
Namrata Sen

JPMorgan Debanked Polymarket Over Regulatory Concerns, But Eyes Role in Potential IPO: Report

Polymarket Prices Strike Risk

JPMorgan Chase (NYSE:JPM) reportedly ended its banking relationship with Polymarket in late 2025 over regulatory concerns, highlighting the challenges prediction-market companies face as the industry rapidly expands in the U.S.

Polymarket was asked by JPMorgan in October to seek a new banking partner amid regulatory concerns. The prediction market platform has since secured a new lender, whose identity has not been disclosed, according to a report by the Financial Times.

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