JPMorgan has ended its banking relationship with Polymarket, the prediction platform, according to a Financial Times report cited by CoinDesk. The move reportedly took place in late 2025 and was tied to regulatory concerns.
The reported decision adds another sign of caution from major financial institutions toward businesses operating in prediction markets, an area that continues to draw attention from regulators. While the available details are limited, the development suggests JPMorgan opted to step away from the relationship amid compliance considerations rather than maintain exposure to potential scrutiny.
Polymarket has become one of the more closely watched names in prediction markets, a segment that sits at the intersection of trading, event wagering and financial speculation. That positioning has made it a frequent subject of regulatory debate, particularly as firms in the space seek access to mainstream banking services.
The reported closure of the banking relationship does not necessarily indicate a broader industry trend, but it does reflect the challenges companies in this category can face when working with large, regulated financial institutions. Banks typically weigh customer risk, jurisdictional issues and potential regulatory fallout when reviewing relationships with sectors that are not fully settled from a policy standpoint.
CoinDesk reported the development based on the Financial Times account. No additional operational details were provided in the source material, and it is not clear from the report whether the move will have wider implications for Polymarket's business operations or for other counterparties in the sector.
For now, the key takeaway is limited but notable: one of the largest U.S. banks reportedly ended its banking relationship with a prominent prediction platform over regulatory concerns. The report underscores how sensitive the banking access question remains for companies operating in emerging corners of crypto and market-based speculation.
