According to the Financial Times, JPMorgan Chase has severed its banking ties with Polymarket due to regulatory concerns, reported in October 2025. The bank informed Polymarket that it required a new lender for services. However, JPMorgan continues to maintain other relationships with Polymarket and is open to assuming an underwriting role should the platform consider going public.
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JPMorgan Chase Ends Banking Relationship with Polymarket Over Regulatory Concerns
The Financial Times reported in October 2025 that JPMorgan Chase terminated its banking relationship with Polymarket due to regulatory concerns. The bank advised Polymarket to find a new bank for its services, while keeping other existing relationships intact. Additionally, JPMorgan indicated its willingness to provide an underwriting role if the platform were to pursue an initial public offering in the future.
Written by Steven Cook
Regulation Desk
