$JPM

Reuters reports that JPMorgan Chase ended its banking relationship with prediction market platform Polymarket in October, citing regulatory concerns, according to an anonymous source. Polymarket said it still maintains an active relationship with JPMorgan across entities and customer fund flows. The piece notes growing regulatory scrutiny of prediction markets and related legal actions involving Kalshi.

JPMorgan Chase reportedly ended its banking relationship with Polymarket in October 2023, citing regulatory concerns, according to The Financial Times. The report notes Polymarket later received a CFTC amended order enabling legal U.S. operations, launching on iOS in May. Polymarket is reportedly raising capital at a $20B valuation, and ICE invested $1.6B after $600M.

JPMorgan Chase ended its banking relationship with prediction market Polymarket in October 2025, citing regulatory concerns, according to the Wall Street Journal, citing people familiar with the matter. The move follows broader Washington debate over debanking practices and increased scrutiny of prediction markets. JPMorgan reportedly still maintains some connections with Polymarket.

JPMorgan Chase increased its crypto ETF exposure in Q2 2025, per a SEC 13F. It raised holdings in BlackRock’s spot Bitcoin ETF (IBIT) to about 10.4M shares (~$355M) and in BlackRock’s spot Ethereum ETF (ETHA) to about 1.17M shares (~$14.3M). It also added a Bitwise Solana staking ETF position (~47,500 shares) and resumed XRP-related holdings.

According to JPMorgan Chase & Co. and Morgan Stanley Form 13F filings for holdings as of June 30, both increased stakes in crypto ETFs in Q2. JPMorgan raised IBIT shares to about 10.4M (about $356M) and ETHA to about 1.17M, plus first XRP-related positions. Morgan Stanley also added IBIT and expanded ETH exposure.

According to Polymarket, JPMorgan ended its primary banking relationship in October due to regulatory concerns, after Polymarket was barred from serving U.S. users following a 2022 CFTC settlement. Polymarket says it still has a close, active relationship with JPMorgan in other areas, and is seeking to remain involved in a potential IPO. ICE invested $1 billion in Polymarket in October, valuing it around $8 billion.

According to SEC filings, Morgan Stanley and JPMorgan increased their holdings of crypto ETFs in Q2. JPMorgan raised its iShares Bitcoin Trust (IBIT) stake to about 10.4M shares from 8.3M and expanded its BlackRock Ethereum ETF position to about 1.17M shares. Morgan Stanley also added to IBIT and more than tripled its Ethereum ETF shares, while both added Solana exposure; JPMorgan added XRP products.

SEC filings show Morgan Stanley and JPMorgan increased holdings in crypto ETFs in Q2. Morgan Stanley boosted BlackRock’s IBIT by 23% to about 16.5M shares and ETHA by about 202% to 4.6M shares, adding Solana and other crypto products. JPMorgan raised IBIT to ~10.4M shares and ETHA to ~1.17M, plus Solana and XRP exposure. Morgan Stanley’s IBIT value fell to ~$549M from ~$667M.

Morgan Stanley (MS) and JPMorgan (JPM) increased Q2 holdings of crypto ETF products, adding exposure to Bitcoin and Ethereum despite price declines. Morgan Stanley raised IBIT shares 23% to 16.5M (value about $549M) and iShares Ethereum Trust by ~202% to 4.6M. JPMorgan lifted IBIT to ~10.4M shares and Ether ETF to ~1.17M.

Citigroup and JPMorgan Chase Bank will co-finance two U.S. gas power plant projects in Pennsylvania and Texas as part of Japan’s $550 billion American funding initiative, according to an announcement. The total financing for the pair is $4.61 billion, marking the first time U.S. banks are involved, according to the report.