J.P. Morgan exits Polymarket over regulation
J.P. Morgan Chase ended its banking relationship with the prediction market platform "Polymarket" in October 2025 due to regulatory concerns, amid the rapid growth of such platforms since the 2024 U.S. presidential election, which has led to increased regulatory scrutiny. However, Polymarket denied any disagreements with the bank and confirmed that their relationship remains active, with its CEO participating in bank events over the past year. These platforms are a source of debate: supporters see them as useful tools for gauging market expectations, while critics describe them as gambling, citing risks related to regulation and ethics. Meanwhile, the U.S. Commodity Futures Trading Commission (CFTC) is preparing to relaunch Polymarket in the United States after more than three years of its ban.
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