Polymarket bank-failure bets draw Washington scrutiny

Bloomberg · 4 hours ago
  • Polymarket bets on the likelihood that Wells Fargo, JPMorgan Chase and Bank of America will fail are drawing scrutiny from officials in Washington.
  • Wells Fargo, JPMorgan Chase and Bank of America are among the biggest names in banking named in the Polymarket contracts.

Quotes

“Polymarket bets on the likelihood that some of the biggest names in banking, including Wells Fargo & Co., JPMorgan Chase & Co. and Bank of America Corp., will fail are drawing scrutiny from officials in Washington, according to people familiar with the matter.”— Bloomberg

Sources