JPMorgan Ends Banking Relationship with Polymarket

US banking giant JPMorgan has terminated its banking relationship with prediction market platform Polymarket in late 2025 due to regulatory concerns. This move is seen as a reflection of increasing regulatory pressure on crypto and prediction markets within the financial sector. Polymarket has transferred its banking services to another institution. However, it is noted that some commercial contacts between JPMorgan and the platform continue. This indicates that the relationship between the two entities has not fully ended, but rather the banking services dimension has been severed. JPMorgan's decision comes at a time when the regulatory framework for prediction markets is tightening, particularly in the US. Banks reviewing their relationships with clients operating in high-risk or uncertain regulatory areas is becoming a common practice in the industry. While no details were provided about Polymarket's new banking partner, it appears the platform has found alternative financial solutions to continue its operations. Such steps highlight the challenges that crypto and prediction market companies face in accessing the traditional banking system. This is not investment advice.