Another prediction market platform appears to be gearing up for a U.S. launch. The Clearing Company, self-described as an “onchain, permissionless and regulated prediction market,” today announced a $15 million seed round raise led by Union Square Ventures.
The Clearing Company founder and CEO Toni Gemayel announced the funding raise on LinkedIn and X. Gemayel worked as Head of Growth at leading prediction market platforms Kalshi (in 2022) and Polymarket (in 2024).
“Those who know me well know I’ve dedicated the last few years of my life to prediction markets,” Gemayel wrote on LinkedIn. “The next era of prediction markets will be shaped by the collective creativity of the internet. To scale, markets must be fun to create, seamless to trade, and supported by novel structures that unlock liquidity. We’re just at the start of what’s possible.”
In a world of noise, how do you find signal?
Today we’re announcing @theclearingco has raised a $15m seed round led by @fredwilson @usv with support from @HaunVentures @variantfund & more.
We’re building the first onchain, permissionless *and* regulated prediction market.
— Toni Gemayel (@tonigemayel) August 27, 2025
Seed funding round includes several top investment firms
The lead seed round investor, Union Square Ventures, has previously invested in a wide-range of top companies across various technology and finance sectors, including Polygon, Coinbase, Stripe, Duolingo, Tumblr and Twitter.
Other investors participating in the seed round funding include from Haun Ventures, Variant, Coinbase Ventures, Compound, Rubik, Cursor Capital, and Asylum, as well as several angel investors.
The Clearing House to offer markets for politics, sports, culture and more
The Clearing House platform has yet to launch, but its website says users will be able to “trade thousands of prediction markets on crypto, politics, sports, culture & more.”
Three examples of the types of markets that will be featured at The Clearing House are shown on the homepage, suggesting the platform’s offerings will be similar to those available at Kalshi and Polymarket:
- Democratic nominee in 2028?
- Who will win the NBA championship?
- Oscar nominations for Best Picture?
Gemayel isn’t the only prediction market veteran involved in building and launching The Clearing Company. Several of the core team members at the company have extensive experience working at Polymarket, including engineers Nick Beattie, Daniel Ramirez, and Liam Kovatch, who was Polymarket’s Head of Engineering for three and a half years. Niraek Jain-Sharma, who was Head of Markets at Polymarket for nearly four years, is also on the Clearing Company team.
Clearing Company to announce launch date, more details soon
The Clearing Company says it will be a “regulated” prediction market platform, suggesting there will be stringent efforts to make sure the markets are compliant with Commodity Futures Trading Commission regulations. But the company has yet to announce whether The Clearing Company is seeking CFTC approval as a Designated Contract Market or pursuing regulatory clearance in another way.
Gemayel told Prediction News that there is “no firm timeline from us at the moment,” in regards to a launch date, but that the company would be sharing more details soon.
With a crypto-friendly platform backed and built by accomplished industry veterans and top investors, The Clearing House certainly seems to be on track to be one of the top competitors in the increasingly crowded prediction market space.
