The Clearing Company

The Clearing Company is building a permissionless, on-chain prediction market platform designed to meet U.S. regulatory standards while remaining accessible to retail users. The company emerged from stealth in August 2025 with $15 million in seed funding. The round was led by Union Square Ventures, with participation from Haun Ventures, Variant, Coinbase Ventures, Compound, Rubik, and others.

The startup was founded by a team of former employees from Polymarket, a major cryptocurrency prediction market platform. The co-founders include Toni Gemayel, former head of growth at Polymarket and Kalshi; Niraek Jain-Sharma, former head of markets at Polymarket; and engineers Liam Kovatch (former Head of Engineering), Nick Beattie, and Daniel Ramirez. Their experience comes from navigating the challenges at Polymarket, which had to cease U.S. operations after a 2022 settlement with the Commodity Futures Trading Commission (CFTC). The Clearing Company aims to combine the open nature of blockchain technology with a compliance-first approach to avoid similar regulatory hurdles.

The platform will enable users to create and trade on markets related to a wide variety of global events, sports, politics, and financial outcomes. By branding itself as a "permissionless, regulation-ready" platform, the company seeks to address key issues that have limited the sector's growth, such as regulatory uncertainty and fragmented liquidity. The company's name underscores its focus on the 'clearing' process—the behind-the-scenes settlement of trades—to provide a seamless user experience. While a launch date has not been announced, the firm is focused on designing a simple, user-friendly product that can achieve mainstream adoption by balancing innovation with legal clarity.

Keywords: prediction markets, on-chain platform, regulated crypto, decentralized finance, financial derivatives, crypto derivatives, market forecasting, event futures, blockchain technology, regulatory compliance, Union Square Ventures, Polymarket, Kalshi, crypto trading, fintech, Web3, derivatives exchange, trade settlement, liquidity solutions, digital assets