New forecasting platform The Clearing, founded by former Polymarket and Kalshi employees, completed a $15 million funding round, led by USV

According to BlockBeats, on August 28, According to The Block, The Clearing Company, a prediction market platform founded by former Polymarket and Kalshi employees, announced the completion of a $15 million seed round of financing. This round of financing was led by Union Square Ventures, with Haun Ventures, Variant, Coinbase Ventures, Compound and others participating. The Clearing Company will compete with market leaders Polymarket and Kalshi. Toni Gemayel, who served as the growth director for Polymarket and Kalshi, will serve as CEO of The Clearing Company, according to the company’s website. Other employees at the startup include people who have worked at Polymarket.