Coinbase has entered into an agreement to acquire The Clearing Company, a startup that aims to strengthen its presence in the forecast-based market.
Shortly before this, Coinbase launched prediction markets on its platform, allowing users to trade on the outcomes of events such as elections, economic data, and sporting events within the same interface used for trading cryptocurrencies, derivatives, and stocks. The deal is expected to close in January.
The Clearing Company was founded earlier this year by a former head of development at companies polymarket и Kalshi Tony Gemayel. In August, the startup raised $15 million from investors to build a regulated blockchain-based prediction market platform.
Following the acquisition, The Clearing Company’s team will help Coinbase scale its own prediction market product. The startup employed approximately 10 people, and almost all of them will join the Coinbase team.
«Prediction markets work best when a strong market structure is combined with real distribution. Joining Coinbase gives our team the opportunity to apply what we’ve learned building event-based markets on a much larger scale,» Gemayel commented on the deal.
The acquisition of The Clearing Company marks Coinbase’s tenth acquisition in 2025. This year, deals have included Roam, Spindl, Iron Fish, Deribit, Opyn Markets, Liquifi, Sensible, Echo, and Vector.