JPMorgan Chase ended its banking relationship with prediction-market platform Polymarket in October 2025 over regulatory concerns, the Financial Times reported. The bank told Polymarket to find another lender, which it has since done.
Polymarket had been fined $1.4 million by the U.S. Commodity Futures Trading Commission in 2022 for operating an unregistered derivatives platform and later returned to the U.S. market as regulatory conditions eased.
Despite ending its banking relationship, JPMorgan continues to maintain other ties with Polymarket, including operational relationships and potential capital-markets business, according to the report.
Polymarket has similarly seen enforcement measures against the platform with France being the latest to restrict access to its platform by blocking access within the country.
REGULATION | France Gambling Regulator Labels Polymarket Illegal, Orders Internet Service Providers to Block Access
About 2 months ago, the U.S. Commodity Futures Trading Commission (CFTC) expanded its investigation into Polymarket to examine allegations of staged trades and fabricated winning bets widening regulatory scrutiny beyond previously reported concerns over undisclosed influencer marketing.
REGULATION | CFTC Expands Polymarket Probe as Scrutiny Shifts from Advertising to Market Integrity
Stay tuned to BitKE for regulatory updates into the prediction markets space.
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