economy

JPMorgan debanked Polymarket over regulatory concerns

Largest US bank has continued to cultivate ties with prediction platform as it seeks $20bn valuation

JPMorgan debanked Polymarket over regulatory concerns

TL;DR

  • JPMorgan Chase ended its banking relationship with Polymarket.
  • The decision was based on regulatory concerns.
  • Polymarket is seeking a $20 billion valuation.