JPMorgan Dropped Polymarket Banking Over Regulatory Risk

JPMorgan has ended its direct banking relationship with Polymarket due to persistent regulatory concerns. According to reports, including from the WSJ, the banking giant requested that Polymarket secure a new lender as regulatory pressure increased. This decision reflects JPMorgan's desire to mitigate regulatory risk associated with the platform. The move was handled quietly, marking a significant shift in the financial partnership between the banking institution and the prediction market platform amid ongoing industry scrutiny.