By The Weekly Edge desk ·
Casino.org News reported, citing the Financial Times 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 agreements add two prediction-market partners for Genius Sports.
The agreements connect Genius Sports with two prediction market platforms.
Genius links its Legend acquisition to customer-acquisition and data opportunities in prediction markets.
The agreements establish Genius Sports relationships with both prediction-market operators.
The agreements extend Genius Sports’ data services into both prediction market exchanges.