Coinbase Buys Prediction Market Startup Headed By Ex-Polymarket Executive As It Looks To ‘Accelerate’ Ambitions For ‘Exciting’ Business
Posted On December 23, 2025
Coinbase Global Inc. (NASDAQ:COIN) announced its acquisition of prediction market startup The Clearing Company on Monday as part of a deeper push into the emerging sector.
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Coinbase Moves Toward ‘Everything Exchange’ Goal
The Clearing Company, backed by Coinbase, secured $15 million in venture funding in August, intending to create an on-chain, permissionless prediction market. The startup is led by Toni Gemayel, who previously served as Head of Growth for both Polymarket and Kalshi.
“Toni and the team will help scale world-class prediction markets trading on Coinbase and accelerate our ambitions for this exciting category as part of the Everything Exchange,” the company said in a press release.
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