JPMorgan Chase stopped offering its banking providers to the decentralized prediction market platform Polymarket late final 12 months, in line with the Monetary Occasions.
In October 2025 the financial institution informed Polymarket it must safe a special banking accomplice amid regulatory worries. Polymarket has already moved to a different lender, although that agency’s identify stays undisclosed, the FT report stated.
Polymarket was barred from serving U.S. customers in 2022 after the CFTC hit the platform with a $1.4 million settlement for operating an unregistered derivatives buying and selling venue. The corporate nonetheless returned to the U.S. market in late 2025 as soon as the Trump administration loosened federal guidelines.
Even after reducing the formal banking hyperlink, JPMorgan has reportedly stored some connection. As an example, it invited Polymarket CEO Shayne Coplan to handle a personal shopper convention in February 2026 and remains to be angling for a job underwriting any future IPO.
CoinDesk reached out to Polymarket for a touch upon the matter.