JP Morgan cut off Polymarket's banking relationship for regulatory issues

The termination of the banking relationship with Polymarket in October 2025 by JP Morgan, due to regulatory concerns, posed new challenges to the forecast market. Nevertheless, the Polymarket spokesperson stated that the company maintained an active relationship with JP Morgan, involving the integration of operations of multiple entities and the processing of customer flows. Recently, Polymarket is engaged in some $1 billion in financing discussions, valued at over $20 billion, and successfully financed $1 billion in April, valued at $15 billion. In June, the company ' s annualized revenues also exceeded $1 billion. Meanwhile, on 11 August, Julie Menin, a New York City Parliamentary spokesman, opened an investigation into Polymarket, which involved allegations of misleading marketing. Polymarket indicated that he would communicate with Parliament and combat the limitations of the state gambling law, which had won a victory in Minnesota in July and the federal judge temporarily blocked the state ' s new forecast market ban。