Coinbase acquires The Clearing Company to scale prediction markets

Coinbase has acquired The Clearing Company, a US-based startup focused on building compliant, on-chain infrastructure for prediction markets, to accelerate its expansion into event-based trading. The deal is expected to close in January. The Clearing Company was founded this year by former executives from Polymarket and Kalshi and brings deep expertise that Coinbase intends to leverage to scale its prediction markets offering. This move aligns with Coinbase's goal of becoming the "Everything Exchange," allowing users to trade outcomes across politics, economics, sports, and culture alongside crypto and equities. Prior to the acquisition, The Clearing Company had raised $15 million in a seed round led by investors including Union Square Ventures and Coinbase Ventures.

(Source：Crypto Briefing)