JPMorgan cut Polymarket’s banking ties in October but still wants a role in a potential IPO: FT
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JPMorgan has cut banking ties with Polymarket in October, but still seeks a role in the company's potential IPO, according to the Financial Times. Despite the severed relationship, Polymarket maintains a close, active relationship with JPMorgan, having recently moved its accounts to a new lender, whose identity remains undisclosed, for now, impacting Polymarket's funding and growth prospects.
Polymarket has moved its accounts to a lender the report could not identify but says it still maintains a "close, active relationship" with JPMorgan.