BlockBeats News, August 28, according to The Block, the prediction market platform The Clearing Company, founded by former Polymarket and Kalshi employees, announced the completion of a $15 million seed round of financing. This round was led by Union Square Ventures, with participation from Haun Ventures, Variant, and a certain exchange.
The Clearing Company will compete with market leaders Polymarket and Kalshi. According to the company's website, Toni Gemayel, who previously served as Head of Growth at Polymarket and Kalshi, will serve as CEO of The Clearing Company. Other employees at this startup also include people who have previously worked at Polymarket.