Coinbase to acquire The Clearing Company in prediction markets push

Coinbase is buying The Clearing Company as it expands into prediction markets and broadens its product lineup beyond crypto trading.

Coinbase has agreed to acquire The Clearing Company, an on-chain prediction markets startup that spans digital assets, politics, sports and culture, as it expands its push to become an “Everything Exchange” offering a broad range of investment products.

In an announcement shared with Cointelegraph, Coinbase said it has entered into a definitive agreement to acquire The Clearing Company, with the transaction expected to close in January. Financial terms of the deal were not disclosed.

The acquisition marks a rapid turnaround for The Clearing Company, which was founded earlier this year and counted Coinbase Ventures among its investors in a $15 million funding round alongside Union Square Ventures, Haun Ventures and several other venture firms and angel investors.

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