JPMorgan Ended Polymarket Banking Relationship Over Regulatory Concerns

JPMorgan ended its banking relationship with Polymarket in October 2025, telling the prediction-market platform to find another banking partner because of regulatory concerns, according to the Financial Times. Polymarket has since moved to another bank. The two companies still maintain other business ties. JPMorgan invited Polymarket CEO Shayne Coplan to a private banking conference in February and is reportedly interested in a potential IPO underwriting role. Polymarket is also seeking to raise more than $1 billion at a $20 billion valuation.

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