Polymarket has moved its accounts to a lender the report could not identify but says it still maintains a "close, active relationship" with JPMorgan.

JPMorgan cut banking services for Polymarket last year amid regulatory worries, forcing the platform to find a new lender.

JPMorgan Chase reportedly cut banking ties with Polymarket in October 2025 over regulatory concerns but remains open to an underwriting role if the platform goes public.