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JPMorgan Chase stopped banking services for Polymarket in October 2025, report says

Friday, August 14, 2026 11:54 AM
Photo: Shutterstock
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Investment bank JPMorgan Chase ceased to provide banking or Polymarket, as early as October of last year, reportedly over regulatory concerns.

As reported by the Financial Times, JPMorgan cut ties in October with the operator but is still keeping close contact, with its CEO even invited to address a private client conference early this year.

This comes after Polymarket in 2022 was served a US$1.4 million fine by the Commodity Futures and Trading Commission (CFTC) for operating an unregistered derivatives exchange.

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The group was able to return to the market in late 2025, following a relaxation of federal measures regarding prediction markets.