A group of former senior staff from prediction-market operators Polymarket and Kalshi has formed The Clearing Company, which plans to build a permissionless, fully regulated prediction-market platform that settles trades on a public blockchain. The New York-based start-up has raised $15 million in seed financing led by Union Square Ventures, with additional backing from Haun Ventures, Variant and Coinbase. The proceeds will be used to secure the necessary regulatory approvals and expand engineering and compliance teams, the company said. The founders argue that combining on-chain settlement with rigorous licensing will unlock broader participation in prediction markets, which remain tightly restricted in the United States. They aim to offer retail and institutional users legally compliant contracts on topics ranging from elections to macroeconomic events.