JPMorgan shuttered its banking relationship with predictions platform Polymarket: FT

60-second summary

JPMorgan has shuttered its banking relationship with predictions platform Polymarket in late 2025 due to regulatory concerns. The exact nature of the concerns remains unclear, but this move suggests increasing scrutiny of decentralized finance platforms. The banking giant's decision may set a precedent for other financial institutions, potentially limiting access to traditional banking services for crypto companies.