Polymarket’s New Rival? Coinbase-Backed Startup Bags $15 Million In Seed Funding For Blockchain-Based Prediction Platform
Posted On August 28, 2025
A former Polymarket executive disclosed on Wednesday a $15 million seed funding round for a new venture named The Clearing Company, which aims to compete in the prediction market space.
‘On-chain, Permissionless And Regulated’
Toni Gemayel, who previously served as Head of Growth for both Polymarket and Kalshi, said that the round was led by leading venture capital firm Union Square Ventures, with participation from Haun Ventures, Variant, Coinbase Ventures, the investment arm of Coinbase Global Inc. (NASDAQ:COIN) and other angel investors.
“We’re building the first on-chain, permissionless *and* regulated prediction market,” Gemayel said
The startup’s core team is packed with former employees of Polymarket, presently the most popular blockchain-based prediction market …
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