By SectorWire desk ·
The report said, citing published reporting and unnamed sources, that JPMorgan Chase ended its Polymarket banking relationship the previous October. The sources attributed the decision to regulatory concerns.
The reported decision removed a banking relationship for Polymarket.
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JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.
The reported termination suggests regulatory concerns could affect Polymarket’s access to banking services, although Polymarket says its broader JPMorgan relationship remains active.
The findings bear on state challenges to Kalshi and Polymarket's position that their contracts fall exclusively under CFTC jurisdiction.
The access restrictions affect how prediction-market platforms can serve users in Taiwan amid enforcement over election-related betting.
BetMGM's iGaming revenue exceeded its online sports betting revenue, giving investors a comparison of the operator's two businesses.
Investors assessing election betting growth must consider that Polymarket’s busiest 1% of wallets generated 70% of congressional trading volume.