The Clearing Company, a new company founded by the former Polymarket team, has completed a $15 million seed round financing, led by USV

ChainCatcher news, according to Blockworks, team members from the former prediction market platform Polymarket have founded a new company, The Clearing Company, and secured $15 million in seed funding led by Union Square Ventures, with other investors including Haun Ventures, Variant, and Coinbase Ventures.

The Clearing Company aims to build a regulatory-compliant and retail-friendly on-chain, permissionless prediction market. Prediction markets allow participants to trade contracts linked to real-world outcomes, generating collective predictions with financial incentives for accuracy. The company has not disclosed a timeline for the platform launch but emphasizes a focus on designing products that are both simple and compliant.