Markets· August 17, 2026 at 12:31 p.m.
JPMorgan Cuts Ties with Prediction Market Platform Polymarket over Regulatory Concerns
Key takeaways
- JPMorgan cut ties with Polymarket over regulatory concerns
- Polymarket is under investigation by multiple regulators
- Polymarket is seeking to raise funds at a valuation above $20 billion
Last October, JPMorgan Chase severed its banking relationship with prediction market platform Polymarket due to regulatory concerns. Despite the split, the companies maintain some connections, with Polymarket's CEO Shayne Coplan having spoken at three of JPMorgan's events over the past year. In April, JPMorgan offered wealth-management clients an opportunity to participate in Polymarket's Series E fundraising round, valuing the company at $14.5 billion. The move comes as JPMorgan faces scrutiny over alleged debanking practices, with President Trump ordering regulators to investigate such conduct.
