JPMorgan Cuts Direct Banking Ties With Polymarket as Regulator Scrutiny on Prediction Markets Intensifies

JPMorgan has ended direct banking relationships with Polymarket, with the move coming as regulators are paying closer attention to prediction markets. For PSPs, acquirers, and banking partners, this is the kind of de-risking decision that can quickly affect where flows get parked, processed, or refused.

1. According to the source, the U.S. bank JPMorgan broke off direct banking ties with Polymarket.
2. The timing matters because the termination happened against the backdrop of increased regulatory attention on prediction markets.
3. For high-risk payment providers, this is another reminder that even when a business is not in traditional gambling, adjacent products can still trigger heightened bank sensitivity.