Former Polymarket team raises $15 million to launch prediction market project The Clearing Company

According to reports, the former prediction market platform Polymarket team has launched a new project called The Clearing Company and completed a $15 million seed round of financing 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 slow and biased issues of traditional polling. The project aims to build an on-chain, permissionless, and regulatory-compliant prediction market while providing retail users with convenient participation options.