Prediction market startup The Clearing Company raises $15 million to build regulated platform

The Clearing Company, a startup founded by veterans of prediction platform Polymarket, said it had raised $15 million in seed funding to launch a regulated on-chain prediction market aimed at mainstream adoption.

Union Square Ventures led the round, with participation from Haun Ventures, Variant, Coinbase Ventures, Compound, Rubik, Earl Grey, Cursor Capital, Asylum and others, the company said.

Founded by former Polymarket executives including Toni Gemayel, Niraek Jain-Sharma and Liam Kovatch, along with Nick Beattie, Daniel Ramirez, Nira Eyal, Nick Emmons and Jayavardhan Munnangi, the company plans to build a compliance-first platform offering know-your-customer (KYC) checks, anti-money laundering controls and geographic limits, as well as fund segregation and on-chain audits.

Polymarket, known for its crypto-based prediction markets, was fined $1.4 million by the U.S. Commodity Futures Trading Commission (CFTC) in 2022 and exited the U.S. market. It is now preparing a return after acquiring QCEX, a CFTC-registered Designated Contract Market.

The Clearing Company positions itself as part of a new wave of prediction platforms seeking regulatory legitimacy in the United States. Rival startup Novig recently raised $18 million, while FanDuel and CME Group are working on a federally regulated platform, and DraftKings is exploring entry into the sector.

“Polls are too slow and rife with bias… markets incentivise honesty because being wrong carries a real cost,” Gemayel said.

The company describes its approach as “on-chain, permissionless, regulated markets,” and frames prediction markets as “a new kind of news” that can provide live intelligence signals for investors, institutions and the broader public.