New Delhi, Aug. 14 -- NEW YORK - JPMorgan Chase terminated its banking relationship with Polymarket, the world's largest prediction market platform, in October 2025 over regulatory concerns, the Financial Times reported Thursday. What the bank did not do is cut off contact.

Four months after ending the banking relationship, JPMorgan invited Polymarket chief executive Shayne Coplan to address a private client conference. The bank has also signaled it may pursue an underwriting role if Polymarket proceeds with an initial public offering. JPMorgan declined to comment on the report. Its posture toward Polymarket, severed at the balance sheet, intact at the relationship level, captures the peculiar friction Wall Street now faces with the pred...