Coinbase has purchased its entry into the forecasting sector. The exchange announced the acquisition of The Clearing Company, a startup dedicated to constructing the rails for regulated prediction platforms. While the company kept the deal terms and the timeline for feature rollout private, the strategic intent is clear: Coinbase refuses to watch another election cycle from the sidelines. Polymarket owned the narrative in 2024, generating over $3.7 billion in trading volume tied to the U.S. presidential ...

Coinbase Global (COIN) has agreed to acquire prediction markets startup The Clearing Company, as part of the crypto exchange's push to let users trade on the outcomes of real-world events. The deal is expected to close in January, Coinbase ( ...

RT Wu Blockchain (@WuBlockchain)Coinbase agreed to acquire prediction-markets startup The Clearing Company, which raised a $15 million seed round earlier this year backed by Coinbase Ventures. The deal follows Coinbase’s rollout of on-platform prediction markets and is expected to close in January, with the team joining Coinbase to scale the product. https://t.co/9hNpg1pF9n ...

RT Yogita Khatri (@Yogita_Khatri5).@coinbase is doubling down on prediction markets.The exchange has agreed to acquire @theclearingco, a startup founded by former @Polymarket and @Kalshi employee @tonigemayel, just days after rolling out prediction markets on its own platform.The deal, financed via cash and stock, is expected to close in January, with most of The Clearing Company’s roughly 10-person team set to join Coinbase to help scale its prediction markets offering as part of the company’s broader “eve ...

Coinbase has agreed to acquire The Clearing Company as it plans to scale prediction markets and advance its ambition of becoming an “Everything Exchange,” according to a blog post published by the exchange. The deal follows Coinbase’s recent rollout of prediction markets trading for users and shows a commitment to regulated on-chain event-based markets. Coinbase Expands Access to Prediction Markets Last week, Coinbase said it began rolling out access to prediction markets directly on its platform, allo ...

Coinbase agreed to acquire prediction-markets startup The Clearing Company, which raised a $15 million seed round earlier this year backed by Coinbase Ventures. The deal follows Coinbase’s rollout of on-platform prediction markets and is expected to close in January, with the team joining Coinbase to scale the product. https://t.co/9hNpg1pF9n ...

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Core Viewpoint - A change in U.S. tax rules under President Trump's One Big Beautiful Bill Act may redirect speculative activities towards blockchain-based prediction markets, as outlined in Coinbase Institutional's Crypto Market Outlook 2026 [1] Tax Implications - Starting in 2026, a provision will limit the deduction for gambling losses against winnings, impacting gamblers across various platforms such as sportsbooks and poker [2][1] - This tax change will result in taxation on gambling wins that do not reflect actual profits, creating a potential disadvantage for traditional gambling activities [2] Prediction Markets - Prediction markets, which operate similarly to derivatives, could become a more tax-advantageous alternative to traditional sportsbooks and casinos under the new tax regime [3][1] - Coinbase anticipates that these markets will play a significant role in the onchain economy, with notional trading volume expected to increase sharply in 2025 [4] Market Development - The prediction market sector is currently fragmented, with many independent protocols lacking shared standards [5] - The emergence of prediction market aggregators is expected as a crucial step towards the maturation of the sector, consolidating odds and liquidity across different platforms [5] - Despite regulatory uncertainties, the demand for decentralized and censorship-resistant forecasting tools is projected to grow [5]

Core Insights - Bitget Wallet has launched a zero-fee USDC on-ramp in collaboration with Alchemy Pay, aimed at increasing access to digital dollars in emerging markets [2][4] - The initiative allows users to purchase USDC without transaction or network fees, utilizing familiar payment methods like Apple Pay and Google Pay [2][3] - This program is supported by Alchemy Pay's stablecoin subsidy program, funded in partnership with Coinbase, to enhance USDC accessibility in key growth markets [2][4] Group 1: Product Features - The zero-fee on-ramp is available across Asia Pacific, Latin America, and Africa, integrating various global payment channels including Mastercard and Visa [3] - Smaller-value purchases are settled instantly, providing a seamless experience for users who frequently engage in everyday transactions [3] - Bitget Wallet supports over 80 payment methods for buying and selling crypto in more than 100 markets, and allows USDC usage for gas fees on major blockchains [6] Group 2: Strategic Goals - Alchemy Pay aims to simplify the crypto experience and eliminate barriers to entry, promoting a more inclusive financial ecosystem [4] - Bitget Wallet emphasizes the importance of stablecoins for everyday financial needs and plans to expand localized fiat-to-stablecoin pathways to meet growing demand [5] - The wallet also offers yield-generating options for USDC, with annual rates of up to 10%, enhancing its appeal to users [6] Group 3: Company Background - Bitget Wallet serves over 80 million users, providing a comprehensive platform for buying, selling, trading, and spending crypto while ensuring fund security with a $700 million protection fund [8] - Alchemy Pay connects crypto with traditional fiat currencies, supporting fiat payments in 173 countries and offering various services like NFT Checkout and a Web3 Digital Bank [9]