The Clearing Company
Acquired10 known investors
Prediction market startup founded by ex-Polymarket and Kalshi staff, building regulated on-chain event markets; agreed to be acquired by Coinbase.
Also known as Clearing · clearing.co
Investors · 10
Also in the syndicate · 4
Company profile
researched Aug 2026The Clearing Company is a US-based prediction market startup founded by former executives and staff of Polymarket and Kalshi. It is developing what it describes as a permissionless, on-chain and regulated prediction market for event-based wagering, with the stated aim of improving transparency and accessibility and reaching mainstream adoption.
The company's stated approach is compliance-first: know-your-customer (KYC) checks, anti-money laundering controls, geographic restrictions, segregation of customer funds and on-chain audits. Management frames prediction markets as "a new kind of news," arguing that markets produce live intelligence signals for investors, institutions and the public because incorrect positions carry a financial cost, in contrast to polling.
The company raised $15 million in seed funding announced in late August 2025 and, in December 2025, announced a definitive agreement to be acquired by Coinbase, with closing expected in January 2026.
Founding story
The company was founded by veterans of the prediction markets sector. Sources name Toni Gemayel — previously head of growth at both Polymarket and Kalshi — as its leader, along with co-founders Niraek Jain-Sharma, Liam Kovatch, Nick Beattie, Daniel Ramirez, Nira Eyal, Nick Emmons and Jayavardhan Munnangi. Several former Polymarket employees are also on staff.
Business model
The company is building a prediction market platform on which users trade contracts on the outcome of events; sources do not detail its fee or revenue mechanics.
Traction
Sources report the $15 million seed raise and the Coinbase acquisition agreement, but disclose no user, volume or revenue figures.
Latest developments
In December 2025 the company announced a definitive agreement to be acquired by Coinbase, subject to customary closing conditions, with closing expected in January 2026.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
The company entered a market with Polymarket and Kalshi as established leaders and positions itself within a wave of prediction platforms pursuing regulatory legitimacy in the United States. Contemporaneous competitive activity cited includes Novig's $18 million raise, a federally regulated platform effort by FanDuel and CME Group, and DraftKings exploring entry into the sector.
Its stated differentiator is combining on-chain, permissionless market infrastructure with a compliance-first regulatory posture (KYC, AML, geographic limits, fund segregation, on-chain audits), in contrast to earlier crypto-native prediction markets — sources note Polymarket was fined $1.4 million by the CFTC in 2022 and exited the US market before preparing a return via its acquisition of CFTC-registered designated contract market QCEX.
Technology
The platform is described as on-chain and permissionless, with on-chain audits and segregation of customer funds, combined with regulatory controls such as KYC, AML screening and geographic limits.
Go-to-market
Retail participants in event-based wagering, plus investors and institutions the company says can use market prices as live intelligence signals.
Geography
Coverage identifies the company as United States-based; the announcement of its acquisition agreement was datelined New York.
History
The Clearing Company was reported as newly established as of August 2025, when it confirmed a $15 million seed round. On December 22, 2025, it announced a definitive agreement to be acquired by Coinbase, a transaction expected to close in January 2026.
Risks & controversies
The company operates in a sector under active US regulatory scrutiny; sources cite the CFTC's $1.4 million fine against Polymarket in 2022 and that company's subsequent US market exit as context for the regulatory environment. No controversies specific to The Clearing Company are reported in the sources.
Compiled by commissioned research from 3 cited public sources — announcements, filings, and press listed under research sources below.
Timeline · 2
launches, deals, and filingsThe Clearing Company announced it had entered into a definitive agreement to be acquired by Coinbase. The transaction was subject to customary closing conditions and expected to close in January 2026. Cooley advised The Clearing Company.
The Clearing Company confirmed a $15 million seed funding round led by Union Square Ventures, with participation from Haun Ventures, Variant, Coinbase Ventures, Compound, Rubik, Earl Grey, Cursor Capital, Asylum and others, to build a regulated, on-chain prediction market.
$15M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 3
primary sources listed
- The Clearing Company Raises $15M Seed Fundingcovers.com · web
3 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does The Clearing Company do?
- Prediction market startup founded by ex-Polymarket and Kalshi staff, building regulated on-chain event markets; agreed to be acquired by Coinbase.
- Who are The Clearing Company's investors?
- The Clearing Company's investors include Asylum Ventures, Coinbase Ventures, Compound, Earl Grey Capital, Haun Ventures, Variant Fund.