JPMorgan Chase terminated its banking relationship with Polymarket in October due to regulatory concerns, a person familiar with the matter said. The move highlights intensified regulatory scrutiny of prediction-market platforms and could constrain Polymarket's access to banks and payment rails, potentially reducing liquidity and user activity near term.
Major League Baseball (MLB) has partnered with Polymarket, naming it the official prediction market exchange. This partnership is expected to enhance Polymarket's user engagement and revenue, particularly amidst a recent betting scandal, while the CFTC's involvement assures market integrity.
