摩根大通因监管担忧终止与Polymarket合作

This is a Bloomberg money minute. JPMorgan terminated its banking relationship with Poly Market last year over regulatory concerns. According to the Financial Times, the Wall Street giant is said to have notified the prediction market platform that it needed to find a new bank in October. Polly Market is now working with a new lender, but the name of the new bank has not been identified. Prediction markets have grown into a multi-billion dollar industry, allowing people to bet on the outcome of everything from politics to celebrity news.

Applied materials is cashing in on the artificial intelligence boom, but investors are demanding more. The biggest maker of chip equipment in the U.S. delivered a financial forecast. The top Wall Street's expectations. Yet shares are falling in early trading after a rally that more than double the stock price. It's now harder for Applied Materials to meet expectations. On Wall Street, stocks are lower at this hour. The Dow is down a 10th of a percent.

The Nasdaq down 2/10 of a percent. The S&P down a fraction. Erika Herskovitz Bloomberg.