Key facts
- JPMorgan Chase stopped providing banking services to Polymarket in late 2025.
- The decision was driven by regulatory concerns.
- Polymarket had previously settled with the CFTC for $1.4 million in 2022.
JPMorgan Ends Banking Ties With Polymarket Amid Regulatory Concerns
IN SHORT
JPMorgan Chase has ceased banking services for the decentralized prediction market Polymarket due to regulatory worries. Polymarket, previously barred from U.S. users, re-entered the market in late 2025 after federal rules were eased under the Trump administration.
Key Numbers
$1.4 millionCFTC settlement amount for Polymarket
Who's Involved
JPMorgan Chase
Bank that ended its relationship with Polymarket
Polymarket
Decentralized prediction market platform
CFTC
U.S. regulator that settled with Polymarket in 2022
Trump administration
Loosened federal rules allowing Polymarket's U.S. return
Shayne Coplan
CEO of Polymarket
↳ Why This Matters
The decision highlights ongoing regulatory scrutiny of crypto-related financial platforms and the challenges they face in securing traditional banking services, even after regulatory shifts.