JPMORGAN DEBANKED POLYMARKET LAST YEAR OVER REGULATORY CONCERNS, SOURCE SAYS

Summary from the TLDR Fintech newsletter

JPMorgan ended a banking relationship with Polymarket in October 2025 as prediction markets faced growing scrutiny from regulators over their resemblance to gambling. Polymarket pushed back on the characterization of the relationship, saying it continues to work closely with the bank across multiple entities and customer fund flows. The episode highlights the regulatory uncertainty surrounding the fast-growing prediction market sector, with platforms including Polymarket and Kalshi facing increased attention from state officials.