JPMorgan, the largest bank in the U.S., has pulled the plug on its banking services for Polymarket, according to a report from The Wall Street Journal citing inside sources.

What We Know About the Split

The report says JPMorgan's decision came down to the bank's internal policies. There aren't any official comments or more details from either side as of now.

What This Could Mean for Polymarket

Polymarket lets users place bets on the outcomes of real-world events. Losing a major banking partner could shake up how the platform operates and affect its users. It's still unclear if Polymarket plans to look for a new banking partner.

How the Market Is Reacting

News of the split hit the media, but so far, other players in the space haven't weighed in. It's anyone's guess whether JPMorgan's move will change how big banks deal with crypto projects going forward.