POPA ReconJPMorgan Ended Banking Relationship With Polymarket Over Regulatory Concerns
JPMorgan Ended Banking Relationship With Polymarket Over Regulatory Concerns JPMorgan Chase ended its banking relationship with prediction-market platform Polymarket last year amid regulatory concerns, according to the Financial Times. The bank reportedly notified Polymarket in October to find a new banking partner. Polymarket has since established a relationship with another lender, although its identity remains undisclosed. JPMorgan still maintains ties with Polymarket across multiple entities and operational integrations and could remain a candidate to underwrite a potential IPO. Polyma…
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