JPMorgan Cut Polymarket Banking Ties Over Regulatory Risk, Then Kept IPO Door Open
JPMorgan Chase ended its banking relationship with Polymarket in October 2025 over regulatory concerns, the Financial Times reported, even as…
Tag: CFTC
New York Sues Kalshi as States Press Sports-Betting Fight Against Prediction Markets
Baltimore filed consumer protection lawsuits on Aug. 13 against Kalshi Inc. and Polymarket, alleging the platforms operate illegal, unlicensed sportsbooks…
Kalshi’s $31.5 Billion June Volume Collides With New York and Minnesota Legal Fights
Tarek Mansour, Kalshi's 30-year-old CEO, says most founder advice is "mostly trash" as Kalshi's valuation soars to $22 billion and…
Washington Preliminary Injunction Against Kalshi Deepens State and Federal Fight Over Event Contracts
A Washington state court ordered Kalshi to halt most contracts in the state on August 14, while the CFTC simultaneously…
CFTC Innovation Committee Meeting Puts Kalshi’s State-Law Fight Back in Washington’s View
President Trump and CFTC Chair Mike Selig are set to meet with Kalshi and Polymarket executives August 20 at the…
Washington Judge Rejects Kalshi Preemption Defense In Preliminary Injunction
King County Superior Court Judge John McHale ordered Kalshi on August 13 to stop offering sports, elections, entertainment, and technology…
CFTC Scrutiny of Trump Speech Bets Puts Kalshi Mention Markets Under Pressure
The CFTC is reviewing Kalshi's "mention markets" after a former White House teleprompter operator made more than $100,000 betting on…
New York’s $36 Billion Kalshi Case Tests State Gambling Law Against CFTC Oversight
The CFTC on August 11 used Section 8a(9) emergency authority, invoked only seven times in agency history and not since…
JPMorgan Cut Polymarket Banking Relationship After CFTC Reentry Approval
JPMorgan told Polymarket to find a new bank in October 2025, citing regulatory exposure from the platform's then-unresolved CFTC status.…
JPMorgan Dropped Polymarket Banking Services While Keeping IPO Ties Open
JPMorgan Chase told Polymarket to find a new bank in October 2025 over regulatory concerns tied to the platform's CFTC…