
PANews|Aug 28, 2025 00:07
[Former Polymarket Team Raises $15 Million to Launch Prediction Market Project The Clearing Company, Led by USV]
According to Blockworks, the former team behind the prediction market platform Polymarket has launched a new project called The Clearing Company and completed a $15 million seed funding round led by Union Square Ventures (USV). Other investors include Haun Ventures, Variant, Coinbase Ventures, Compound, and others.
Co-founder Toni Gemayel stated that prediction markets, combined with the collective intelligence of the internet era, can overcome the slowness and biases of traditional polling methods. The project aims to build an on-chain, permissionless, and regulatory-compliant prediction market while providing retail users with an easy way to participate.
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