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JPMorgan ends banking ties with Polymarket amid regulatory issues and CFTC enforcement action.

Market News
14 Aug 2026
PYMNTS
View Source
Bearish
pluang ai news

JPMorgan Chase cut its banking relationship with prediction market Polymarket in October 2025 due to regulatory concerns, particularly a Commodity Futures Trading Commission (CFTC) enforcement action restricting U.S. customer access. Despite this, Polymarket maintains some business ties with JPMorgan and is working with a new lender. Polymarket is also under investigation by the New York City Council for alleged deceptive marketing and targeting minors. The company is seeking to resume U.S. operations under a regulated structure and is in talks to raise about $1 billion in funding at a valuation above $20 billion.

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