The former Polymarket team launched The Clearing Company, raising $15 million in seed funding, led by USV

ChainCatcher news, according to Blockworks, team members from the former prediction market platform Polymarket have founded a new company called The Clearing Company, which has raised $15 million in a seed round 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 its focus on designing products that are both simple and compliant.