Coinbases Acquisition of The Clearing Company: A New Era for Prediction MarketsCoinbase, a leading cryptocurrency exchange, is expanding into prediction markets by acquiring The Clearing Company, an on-chain startup that enables betting on various topics. The deal, set to close in January, aligns with Coinbases plan to create an Everything Exchange beyond crypto trading. The Clearing Company, founded earlier this year, has raised $15 million from investors like Coinbase Ventures and Union Square Ventures. The acquisition is seen as a significant step for prediction markets, with platforms like Polymarket and Kalshi gaining popularity. Coinbases product chief views it as a natural progression for trading real-world outcomes alongside stocks and crypto. The Clearing Company recently applied to become a Derivatives Clearing Organization with the US Commodity Futures Trading Commission, signaling potential regulated growth. As regulation evolves and tax rules change, Coinbase predicts a boom in prediction markets through 2026, merging crypto technology with everyday betting for a new finance experience.

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