The Clearing, a new prediction platform founded by former Polymarket and Kalshi employees, has raised $15 million in funding, led by USV.

Odaily Planet Daily News: 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 participation from Haun Ventures, Variant, Coinbase Ventures, Compound and others.

The Clearing Company will compete with market leaders Polymarket and Kalshi. According to the company's website, Toni Gemayel, formerly head of growth at Polymarket and Kalshi, will serve as CEO of The Clearing Company. Other employees of the startup also include former Polymarket employees. (The Block)