JPMorgan Ends Banking Relations with Polymarket, Eyes IPO Involvement

The Circumstances Behind the Termination of Polymarket's Account

In October 2025, JPMorgan Chase discontinued its banking transactions with the prediction market operator Polymarket, prompting a switch to a new financial institution, as reported by the Financial Times on the 15th.

Polymarket has already transferred its account to another financial institution, although the name of the new bank was not disclosed by the Financial Times. Reuters also reported on the same evening, citing sources familiar with the matter, that the account transfer...