JPMorgan Ended Polymarket Banking Relationship in 2025

JPMorgan Chase ended its banking relationship with prediction market platform Polymarket in October 2025 due to regulatory concerns, directing the company to find another banking partner, according to a report published on August 14, 2026. The move occurred as Polymarket was in the process of rebuilding its regulatory standing in the United States following a 2022 enforcement action by the Commodity Futures Trading Commission.

Despite closing the account, JPMorgan has maintained other commercial ties with Polymarket. The platform told the Financial Times that it continues to have a "close, active relationship" with JPMorgan across multiple entities, including operational integrations and the handling of customer fund flows. JPMorgan declined to comment on the specifics of the ongoing relationship. The bank also reportedly invited Polymarket CEO Shayne Coplan to speak at a private banking conference in Miami in February 2026 and has expressed interest in a potential underwriting role should Polymarket pursue an initial public offering. No public IPO filing has been announced.

The timing of the account closure is notable. In January 2022, the CFTC ordered Blockratize, the company...