Sources: JPMorgan Chase terminated its banking relationship with Polymarket in 2025 over regulatory concerns, though it still maintains some ties to the company
THE SO WHAT
Large banks want exposure to prediction markets’ upside without full balance-sheet entanglement—JPMorgan cutting direct banking ties to Polymarket while still courting it at a rumored $20B valuation is that posture in practice. If you’re building in gray-reg zones, assume your banking relationships are conditional and design treasury, payouts, and runway plans that can survive a sudden de-banking event.
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