JPMorgan Cuts Off Polymarket Bank Account Over Regulatory Risk
Key Insights:
- JPMorgan ended Polymarket’s banking relationship over regulatory concerns.
- Polymarket moved banks while retaining other commercial ties with JPMorgan.
- U.S. regulators and states continued scrutinizing prediction market operations.
JPMorgan ended its banking relationship with Polymarket in October 2025 over regulatory concerns, the Financial Times reported Friday. The prediction market platform later moved to another unidentified lender while retaining other ties with the bank.
The decision came while Polymarket rebuilt its U.S. regulatory position through QCX. It also showed how banking access remained sensitive for prediction platforms facing federal and state scrutiny.
JPMorgan Ended the Account as Polymarket Reentered the U.S.
The Financial Times reported that JPMorgan told Polymarket to find another bank in October 2025. The report cited people familiar with the decision, while JPMorgan declined to comment.
Polymarket told the Financial Times that its broader relationship with the bank continued. The company described ties across multiple entities, operational integrations, and customer fund flows.
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