A new prediction platform, The Clearing, founded by former Polymarket and Kalshi employees, has raised $15 million in funding, with USV leading the investment.

BlockBeats News, August 28th, According to The Block, The Clearing Company, a prediction market platform founded by former Polymarket and Kalshi employees, announced the completion of a $15 million seed round of funding. This round of funding was led by Union Square Ventures, with participation from Haun Ventures, Variant, Coinbase Ventures, Compound, and others.

The Clearing Company will compete with the market leaders Polymarket and Kalshi. According to the company's website, Toni Gemayel, who previously served as the growth lead at Polymarket and Kalshi, will serve as the CEO of The Clearing Company. Other employees of this startup also include individuals who have previously worked at Polymarket.