Former Polymarket team secures $15 million in funding to launch prediction market project The Clearing Company, led by USV

According to Blockworks, the team behind the former prediction market platform Polymarket has launched a new project, The Clearing Company, and has completed a $15 million seed round led by Union Square Ventures (USV). Other investors include Haun Ventures, Variant, Coinbase Ventures, and Compound. Co-founder Toni Gemayel stated that prediction markets, leveraging the collective wisdom of the internet age, can overcome the slowness and bias of traditional polls. The project aims to build an on-chain, permissionless, and regulatory-compliant prediction market while providing convenient participation for retail users.