# JPMorgan and Polymarket banking relationship status > Live situation record from CLSTR: https://clstr.news/situations/jpmorgan-and-polymarket-banking-relationship-status > Updated: 2026-08-17T04:38:58.000Z. Sources: 31. Developments: 2. In October 2025, JPMorgan Chase terminated its direct banking relationship with the prediction market platform Polymarket, citing regulatory concerns. This decision follows increased scrutiny of prediction markets by U.S. authorities, including the Commodity Futures Trading Commission (CFTC). Despite the end of direct banking services, the two entities maintain significant commercial ties. Polymarket has moved its accounts to an undisclosed lender but continues to work with various JPMorgan entities regarding operational integrations and customer fund flows. A Polymarket spokesperson described the relationship as “close and active,” noting that the company’s CEO has participated in several JPMorgan flagship events. Reports indicate that JPMorgan may still serve as an underwriter for a potential Polymarket initial public offering (IPO). The situation reflects the broader compliance challenges faced by financial institutions as event-based trading platforms operate at the intersection of finance, cryptocurrency, and gambling. ## Timeline ### 2026-08-17: JPMorgan Chase accepts Bitcoin and Ethereum as loan collateral JPMorgan Chase now accepts Bitcoin and Ethereum as collateral for institutional USD loans via its Kinexys platform, applying 30-50% haircuts to manage volatility. 6 sources. https://clstr.news/cluster/jpmorgan-chase-ends-direct-banking-ties-with-polymarket-over-regulatory-concerns ### 2026-08-14: JPMorgan ends banking ties with Polymarket over regulatory concerns JPMorgan Chase ended its banking relationship with prediction market platform Polymarket in October 2025 due to regulatory concerns, though it remains interested in a potential future IPO role. 26 sources. https://clstr.news/cluster/jpmorgan-chase-ends-banking-relationship-with-polymarket --- Cite as: JPMorgan and Polymarket banking relationship status. CLSTR, https://clstr.news/situations/jpmorgan-and-polymarket-banking-relationship-status