WSJ Tech News Briefing · Friday, August 14, 2026
J.P. Morgan Chase ended its banking relationship with prediction market Polymarket in October due to regulatory concerns, according to sources. However, the bank reportedly still maintains ties, with a Polymarket spokesperson stating they have a close relationship and that J.P. Morgan offered clients participation in Polymarket's recent fundraising round.
“J.P. Morgan Chase ended its banking relationship with prediction market Polymarket last October over regulatory concerns.”
“A Polymarket spokesperson said the company keeps a quote close active relationship with J.P. Morgan across multiple entities and noted its CEO spoke at three bank events in the past year.”
“Plus, a source told the journal that in April, J.P. Morgan offered wealth management clients the ability to participate in Polymarket series E fundraising that would value the company at $14.5 billion.”