JPMorgan Chase severed ties with prediction market Polymarket over regulatory concerns—but the connection remains, as Polymarket’s CEO still speaks at JPMorgan events and the bank quietly let clients invest in its $14.5B funding round. Amid scrutiny of JPMorgan’s alleged political “debanking,” the drama deepens with Donald Trump Jr.’s stake in Polymarket. Regulators are on high alert: the CFTC investigates, New York sues over gambling violations, and city council probes misleading marketing to teens—all while rivals face legal battles across states.
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