Rich by Coin

Coinbase has entered into an agreement to acquire The Clearing Company, a prediction markets company. The team is composed of prediction market veterans, led by founder Toni Gemayel, a visionary product and growth leader who helped shape the modern prediction markets landscape.

Prediction markets let people trade on real-world events across everything from elections and the economy to sports and culture. We have an opportunity to enable millions of customers around the world to seamlessly participate in prediction markets right alongside their cash, crypto, equities, and derivatives portfolios. This is where the pieces come together: We just introduced prediction markets to Coinbase users through a regulated venue and a familiar trading experience. The Clearing Co. adds the specialized talent needed to take this category further.