Excited to share that @theclearingco is joining @coinbase! We set out to transform how people engage with prediction makers, and now we are taking it to the next level. More soon to come 🚀
First we announced prediction markets on Coinbase.
Now we’re bringing in the specialized talent to take our plans to the next level.
Welcome to Coinbase, @theclearingco.
Portfolio company @theclearingco announced today it has filed its application with the @CFTC to become a Derivatives Clearing Organization (DCO). If approved, they would operate the first stablecoin-native clearinghouse purpose-built for prediction markets.
You can read more about @tonigemayel's vision in the @WSJ today (link below) 🥳
Today, Clearing has announced that it has filed its application with the @CFTC to become a Derivatives Clearing Organization (DCO).
If approved, we would operate the first stablecoin-native clearinghouse purpose-built for prediction markets, designed to bring event contracts fully onchain and under a regulated framework.
A team of prediction-market veterans is launching a new platform that will underpin bets on politics, sports, culture and other areas https://t.co/sfW35VSVQF
Parlays across categories are hard, put them onchain and they are even harder
We’ve made some cool innovations here wrt capital structure and onchain trust mechanisms.
More to come. DM me if u would like to try https://t.co/GU0dfNldNt + some other stuff we’ve been cooking.
Prediction markets are a killer onchain use case and we believe we are in the early innings of exploring their full potential. Excited to support @tonigemayel and team at @theclearingco working on pushing the design space forward.
[ ZOOMER ]
FORMER POLYMARKET AND KALSHI TEAM RAISE $15M FROM UNION SQUARE AND COINBASE TO BUILD AN ONCHAIN, PERMISSIONLESS, AND REGULATED PREDICTION MARKET: BLOCKWORKS
In a world of noise, how do you find signal?
Today we’re announcing @theclearingco has raised a $15m seed round led by @fredwilson@usv with support from @HaunVentures@variantfund & more.
We’re building the first onchain, permissionless *and* regulated prediction market.