# JPMorgan cuts banking ties with Polymarket over regulation 2026-08-14T23:41:26+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet JPMorgan Chase notified prediction-market platform Polymarket in October that it needed to find a new bank, the Financial Times reported, citing unnamed sources. The bank terminated the relationship over regulatory concerns, but retains other ties including a possible underwriting role if Polymarket goes public. Polymarket now works with a different lender, the FT said, without naming it. Polymarket’s spokesperson said the company maintains a “close, active relationship” with JPMorgan across multiple entities and called any suggestion otherwise a mischaracterisation. JPMorgan declined to comment. The prediction market industry has grown into a multi-billion dollar sector, with sports wagers at the centre of a regulatory fight. ## Coverage - livemint.com Tags: Financial Times, JPMorgan Chase, Polymarket Canonical: https://indianopinion.org/jpmorgan-cuts-banking-ties-with-polymarket-over-regulation/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/jpmorgan-cuts-banking-ties-with-polymarket-over-regulation/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.