Yes, on the core point: JPMorgan Chase ended its banking relationship with the prediction-market platform Polymarket in late 2025. That is reported by both CoinDesk and Bloomberg, each citing
Yes, on the core point: JPMorgan Chase ended its banking relationship with the prediction-market platform Polymarket in late 2025. That is reported by both CoinDesk and Bloomberg, each citing the Financial Times. What is not confirmed by two independent newsrooms is anything beyond that – the reason given is a general one, “regulatory concerns,” and the fuller backstory comes from a single source.
According to CoinDesk’s report, published 14 August 2026 and citing the Financial Times, JPMorgan told Polymarket in October 2025 that it would have to secure a different banking partner, and Polymarket has since moved to a new lender. Bloomberg’s coverage of the same claim, held here only as a search-index summary rather than the full article, states that JPMorgan Chase terminated its banking relationship with Polymarket last year over regulatory concerns, that it notified Polymarket in October it needed a new bank, and that Polymarket is now working with a new lender. The published date on Bloomberg’s own article is not given in the record available for this page; its URL suggests 14 August 2026, but that is inferred, not confirmed by Bloomberg’s own metadata. That overlap – two separate newsrooms, both attributing the story to the Financial Times – is the strongest part of this record.
The rest of the picture rests on CoinDesk’s account only. CoinDesk reports that the identity of Polymarket’s new lender has not been disclosed – a detail that does not appear in the Bloomberg summary available here. Polymarket was barred from serving US users in 2022 after the Commodity Futures Trading Commission settled with the platform for $1.4 million over running an unregistered derivatives venue, CoinDesk reports. The company returned to the US market in late 2025, per CoinDesk, after a loosening of federal rules under the Trump administration – CoinDesk does not specify that this loosening targeted prediction markets in particular. CoinDesk also reports that even after cutting the formal banking link, JPMorgan kept some connection to the company: it invited Polymarket CEO Shayne Coplan to speak at a private client conference in February 2026, and the bank is still angling for a role underwriting any future Polymarket IPO. None of these details appear in the Bloomberg summary available for this page.
Seeing the story picked up by CoinDesk, Bloomberg and PYMNTS can look like three independent confirmations. It is not. All three trace to the same Financial Times report, which itself is built on unnamed sources. CoinDesk and Bloomberg corroborate the headline claim – the banking relationship ended, notice came in October 2025, a new lender is in place – but they are relaying, not separately verifying, the same reporting.
This page cannot independently verify the underlying claim. No outlet held in full here has published a bank notice, a regulatory filing, or an on-the-record statement from JPMorgan or Polymarket confirming or disputing the account – the entire story rests on the Financial Times’s unnamed sources. Bloomberg’s contribution is a search-index summary, not the full article, so its coverage can be cited for the topline claim but not quoted or expanded upon, and even its publication date is inferred rather than confirmed. A third outlet, PYMNTS, published its own version of the story but is treated here as context only, not as a corroborating newsroom, and nothing from it is used to confirm any fact on this page. Finally, the specific “regulatory concerns” behind JPMorgan’s decision are never spelled out in any source available here, and the identity of Polymarket’s replacement bank has not been disclosed in the reporting we hold.
Every fact above is attributed to one of these reports. Where they disagree, the article says so.
The post JPMorgan cut Polymarket’s banking ties in 2025: what’s confirmed, and what isn’t appeared first on TheCoinrise.com.
