The relationship between JPMorgan and Polymarket is more complex than the outside world imagines.
According to disclosures in the Financial Times, in October 2025, JPMorgan formally terminated its banking services for the prediction market platform Polymarket, citing regulatory concerns, and required it to find another banking partner. In other words, the “gatekeeper” of traditional finance once chose to shut the door.
But interestingly, even if the ties were cut, the business continued. JPMorgan not only still maintains business dealings with Polymarket, but also invited its founder Shayne Coplan to attend a private banking client event in Miami in February 2026. Polymarket has also confirmed that the two sides remain closely active with one another across multiple entities, operational integrations, and the handling of client funds.
At least three signals worth paying attention emerge from this news:
First, traditional large banks remain cautious about prediction markets. Regulatory uncertainty is the sword of Damocles hanging overhead. If a platform with Polymarket’s scale can still be “asked to leave,” then one can imagine how difficult it is for smaller platforms to gain banking access.
Second, even as compliance pressure increases, Wall Street doesn’t want to completely give up on this track. Invitations to private events and ongoing business communications are ways to keep open connections for a potential “compliance path” in the future.
Third, prediction markets are being embedded into mainstream finance at an unprecedented speed. A bank can refuse to open an account, but it’s hard to refuse attention—because users and funds are already there.
The next gate for prediction markets may not be technology or user education, but whether they can find financial infrastructure that is willing to share regulatory risk over the long term. Polymarket still needs a new bank, and who the next “JPMorgan” will be will determine how far this industry can go.
#Polymarket #预测市场 #Traditional Finance
According to disclosures in the Financial Times, in October 2025, JPMorgan formally terminated its banking services for the prediction market platform Polymarket, citing regulatory concerns, and required it to find another banking partner. In other words, the “gatekeeper” of traditional finance once chose to shut the door.
But interestingly, even if the ties were cut, the business continued. JPMorgan not only still maintains business dealings with Polymarket, but also invited its founder Shayne Coplan to attend a private banking client event in Miami in February 2026. Polymarket has also confirmed that the two sides remain closely active with one another across multiple entities, operational integrations, and the handling of client funds.
At least three signals worth paying attention emerge from this news:
First, traditional large banks remain cautious about prediction markets. Regulatory uncertainty is the sword of Damocles hanging overhead. If a platform with Polymarket’s scale can still be “asked to leave,” then one can imagine how difficult it is for smaller platforms to gain banking access.
Second, even as compliance pressure increases, Wall Street doesn’t want to completely give up on this track. Invitations to private events and ongoing business communications are ways to keep open connections for a potential “compliance path” in the future.
Third, prediction markets are being embedded into mainstream finance at an unprecedented speed. A bank can refuse to open an account, but it’s hard to refuse attention—because users and funds are already there.
The next gate for prediction markets may not be technology or user education, but whether they can find financial infrastructure that is willing to share regulatory risk over the long term. Polymarket still needs a new bank, and who the next “JPMorgan” will be will determine how far this industry can go.
#Polymarket #预测市场 #Traditional Finance