TLDR Tech / Fintech
JPMorgan debanked Polymarket last year over regulatory concerns, source says
JPMorgan reportedly ceased its banking relationship with Polymarket in October 2025 due to increasing regulatory scrutiny of prediction markets, which are often compared to gambling. Polymarket, however, stated it maintains close ties with the bank across various entities and customer fund flows. This incident highlights the regulatory uncertainty within the rapidly expanding prediction market sector, as platforms like Polymarket and Kalshi face heightened attention from state regulators.
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