JPMorgan Cut Banking Ties With Polymarket but Eyes Role in Its Potential IPO

JPMorgan Chase terminated its banking relationship with Polymarket in October 2025 over regulatory concerns, the Financial Times reported. The bank has nonetheless continued cultivating ties with the prediction-market platform, which is seeking a $20 billion valuation in a potential IPO. No registration documents have been filed; the valuation is a target, not an established price.