According to the source, in October 2025, Chase Morgan terminated a bank collaboration with Polymarket, the predictive market platform, because of regulatory concerns. This progress shows that traditional financial institutions remain cautious about the compliance risks associated with related operations, even if market platforms are projected to grow rapidly.

Polymarket claims that cooperation was not fully interrupted

The report mentions that the termination of cooperation took place last October. However, Polymarket refutes the overall deterioration of relations between the parties. The spokesperson for the company stated that Polymarket and Chase Morgan remained active at various entity levels, including operational interfaces and customer funds transfer.

This means that the parties are more like a partial banking relationship than a complete cut-off. For Polymarket, bank access and financial processing capacity remain an important basis for the operation of the platform.

Finance and revenue are still growing

Polymarket continues to attract capital attention at a time when banking relations have been adjusted. It was reported that the company had initiated preliminary consultations this month, with some $1 billion in planned financing and a target valuation of over $20 billion.

  • In April, it was alleged that $15 billion in valuation financing was $1 billion
  • Of which, the intercontinental exchange invested about $600 million.
  • Annualized revenue exceeded $1 billion in June

If the above data are true, Polymarkett has become one of the highest-valued platforms for predicting the market track, which also indicates that institutional funds remain in the business model.

Local investigations parallel regulatory disputes

On 11 August, Julie Menin, President of the New York City Parliament, opened an investigation into Polymarket and other predictive platforms on the grounds that predatory and misleading marketing might exist. The Municipal Council requested Polymarket to submit within 14 working days information on the ways in which the Internet and social media are promoted and marketed. Polymarket said he would communicate with the city council.

At the same time, it is still controversial in the United States to predict whether markets should be subject to state gambling laws. Polymarket, the competitor Kalshi and the United States Commodity Futures Trading Commission had previously argued that the incident contract should be governed by the CFTC at the federal level, rather than by separate state gambling controls.

In July of this year, Polymarket made progress in a case in Minnesota. A federal judge suspended the state ' s new forecast market ban. In addition to the attribution of compliance, the issue of market conduct is being magnified. In May, the CTC accused a Google employee of using confidential information to trade in Google-related Polymucket contracts, which generated approximately $1.2 million.