Coinbase Acquires The Clearing Company to Enter Prediction Markets

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 ...