The startup’s mission is clear: to create a compliant, on-chain prediction market built for broad adoption while preserving the openness and transparency of blockchain technology.
Ventures, Haun Ventures, Variant, and Coinbase Ventures.
The startup’s mission is clear: to create a compliant, on-chain prediction market built for broad adoption while preserving the openness and transparency of blockchain technology.
Moving from Niche to Normal
Prediction markets have long lingered on the margins, hindered by legal ambiguity and limited access. Polymarket itself faced regulatory setbacks in 2022, when the CFTC fined the platform $1.4 million and forced it to halt operations in the U.S.
Now, The Clearing Company claims to have learned from those roadblocks. Its platform is being designed with compliance baked in from day one, without abandoning the decentralized, permissionless nature that makes prediction markets powerful.
The Team and the Vision
The founding group—Toni Gemayel, Liam Kovatch, Nira Eyal, Nick Emmons, and Jayavardhan Munnangi—were all involved in building Polymarket’s trading infrastructure. Their new venture aims to blend three elements that rarely coexist: regulatory approval, on-chain transparency, and open-access market design.
“Polls are slow and biased,” said co-founder Toni Gemayel. “Markets reward honesty because being wrong comes at a cost.” This philosophy drives their belief that markets can serve as a more reliable source of public truth than traditional polling—for investors, media, and policymakers alike.
A New Form of News: Public Intelligence Markets
The Clearing Company positions its platform as “a new kind of journalism,” where real-time forecasts emerge from people backing their beliefs with money. In their view, prediction markets can deliver clearer, more actionable signals than commentary or polling ever could.
Still, regulatory alignment is only one hurdle. The team is investing heavily in improving usability, accessibility, and liquidity, areas where past platforms often fell short. From market creation to trade execution, the user experience is being built to match the expectations of both retail traders and institutional participants.
Compliance by Design
The platform will integrate both blockchain-native features and real-world regulatory safeguards, including KYC/AML checks, jurisdictional restrictions, fund segregation, and on-chain auditability. It will also rely on smart contracts, oracle integrations, and liquidity pools to form the system’s technical backbone.
By designing for regulatory clarity from the outset, The Clearing Company wants to go beyond speculation. Its founders see a future where compliant prediction markets serve real-world use cases in risk hedging, forecasting, and even institutional decision-making.
What’s Next?
The Clearing Company hasn’t released a public launch date, but given its funding and founding pedigree, industry insiders expect rapid development. Meanwhile, U.S. regulators are reconsidering how they define and treat prediction markets—a shift that could open the door for multiple entrants, but also raise the bar.
