The Clearing Company Raises $15M to Build Regulated On-Chain Prediction Market

The race to shape the future of event-based wagering just got a new player. The Clearing Company, a startup built by former Polymarket and Kalshi executives, has raised fresh capital to launch its own regulated, blockchain-powered prediction market.

Good to Know

• The Clearing Company secured $15M in seed funding led by Union Square Ventures.
• Investors include Coinbase Ventures, Haun Ventures, and Variant.
• Founded by ex-Polymarket and Kalshi leaders, the firm aims to take on both platforms.

The company, led by Toni Gemayel—who previously ran growth at Polymarket and Kalshi—confirmed the raise on Wednesday. The team includes several former Polymarket employees, underscoring its deep ties to the industry.

Polymarket and Kalshi are currently the biggest names in prediction markets, each taking a different approach. Polymarket operates as a decentralized platform, while Kalshi works under U.S. regulatory oversight. Now, The Clearing Company wants to combine the benefits of both by building a permissionless yet regulated system.

Union Square Ventures led the funding round, with additional support from Coinbase Ventures, Haun Ventures, Variant, Compound, Rubik, Cursor Capital, Asylum, Earl Grey, and several angel investors. The team says its focus is on improving transparency and accessibility in wagering markets by fully leveraging blockchain.

The wider sector has been heating up. In July, Polymarket reported more than 286,000 active traders, bouncing back from a six-month slump. Kalshi has expanded its footprint by hiring crypto influencer John Wang as head of crypto, while Robinhood recently revealed plans to partner with Kalshi to enter prediction markets with a sports betting product.