JPMorgan Ended Banking Relationship with Polymarket over Regulatory Concerns
Dow Jones08-15
JPMorgan Chase ended its banking relationship with prediction market Polymarket last October over regulatory concerns, according to people familiar with the matter.
The move adds fuel to fights in Washington over debanking and growing nationwide scrutiny of prediction markets' business practices, though the bank still maintains some ties to Polymarket and other prediction-market companies.
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