Coinbase to acquire The Clearing Company in prediction markets push
Coinbase has agreed to acquire The Clearing Company, an on-chain prediction markets startup, as part of its strategy to become an "Everything Exchange." The acquisition, expected to close in January, will expand Coinbase’s offerings beyond digital assets to include prediction markets spanning politics, sports, and culture. The Clearing Company, founded earlier this year and backed by Coinbase Ventures, recently applied to become a Derivatives Clearing Organization with the CFTC. Coinbase views prediction markets as a major growth opportunity, citing regulatory developments and potential tax advantages over traditional gambling. The move aligns with broader industry interest in event-based markets, with players like Polymarket and Kalshi also active in the space.
cointelegraph12/22 15:07
