According to the British Financial Times, Chase Morgan stopped providing banking services to the decentrified forecast market platform Polymarket at the end of 2025 because of concerns about regulatory risk. At the time of this change, Polymarket was re-entering the United States market.
October 2025 request for replacement partner
According to information cited in the report, Chase Morgan informed Polymark in October 2025 of the need to find another bank partner. Since then, Polymarket has been transferred to another lending institution, but the name of the new partner has not been made public.
Polymarket had settled with the United States Commodity Futures Trading Commission (CFTC) in 2022 for $1.4 million and was therefore barred from providing services to United States users. At that time, the regulator found that the platform operated unregistered derivatives trading sites.
United States operations resumed at the end of 2025.
Polymarket re-entered the United States market at the end of 2025, as the Trump government eased the rules at the federal level. The disruption of the banking relationship demonstrated that, even in the event of a change in policy environment, traditional financial institutions remained cautious in their review of the platform ' s compliance.
However, it is also mentioned that Morgan Chase and Polymarket are not completely cut off. For example, in February 2026, Morgan Chase invited Polymarket's CEO, Shayne Coplan, to a meeting with private clients and to speak.
Still focused on future IPO operations
According to the Financial Times, Morgan Chase still hopes that Polymarket will be able to take on a sales role in the future if it advances its first public equity. This means that banks retain interest in their potential capital market operations after terminating day-to-day service cooperation.
CoinDesk states that a response has been sought from Polymark.