JPMorgan Maintains Ties with Polymarket Despite Cutting Banking Services
- JPMorgan Chase cut its banking relationship with prediction platform Polymarket in late 2025 due to regulatory concerns, according to reports from the Financial Times and CoinDesk.
- In October 2025, JPMorgan notified Polymarket that it needed to secure a different banking partner, according to coverage by CoinDesk and the Financial Times.
- The bank invited Polymarket Chief Executive Officer Shayne Coplan to speak at a private client conference in February 2026.
JPMorgan Chase cut its banking relationship with prediction platform Polymarket in late 2025 due to regulatory concerns, according to reports from the Financial Times and CoinDesk.
Regulatory Pressures and the End of JPMorgan’s Banking Services
In October 2025, JPMorgan notified Polymarket that it needed to secure a different banking partner, according to coverage by CoinDesk and the Financial Times. The decision stemmed from mounting regulatory worries surrounding decentralized prediction markets. Polymarket has since transitioned to another lender, though that firm’s identity remains undisclosed.
Federal scrutiny has followed the platform for years. In 2022, the Commodity Futures Trading Commission barred Polymarket from serving United States users. That enforcement action concluded with a $1.4 million settlement over allegations that the platform operated an unregistered derivatives trading venue. The company subsequently returned to the U.S. market in late 2025 after changes in federal rules under the Trump administration.
Corporate Ties Persist Despite the Banking Split
The bank invited Polymarket Chief Executive Officer Shayne Coplan to speak at a private client conference in February 2026. Furthermore, JPMorgan is reportedly angling for an underwriting role in any future initial public offering as the prediction platform eyes a $20 billion valuation. CoinDesk reached out to Polymarket for comment on the banking shift and corporate outreach.
