PANews reported on December 22 that, according to The Block, Coinbase has reached an agreement to acquire prediction market startup The Clearing Company. Coinbase stated that the transaction is subject to customary closing conditions and is expected to close in January.

The Clearing Company, founded earlier this year by Toni Gemayel, former head of growth at Polymarket and Kalshi, completed a $15 million seed funding round in August, with investors including Coinbase Ventures. The company aims to build an on-chain, regulated prediction market platform.