Platform · Binary Markets
The Clearing Company (Clearing)
Acquired by Coinbase Dec 22, 2025 · was building 'a new kind of prediction market' with a CFTC DCO application (first stablecoin-native clearinghouse for event contracts); also shipped 'Lineups' cross-market parlays onchain (Sep 2025)
- Mechanism
- Binary Markets
- Chain
- Base
- Status
- Acquired by Coinbase (Dec 2025)
- Founded
- 2025 (X @theclearingco created March 7, 2025)
- Market types
- Binary · Multi-outcome (Lineups = cross-market parlays)
- Audience
- Retail · Generalist · Institutional
- Website
- clearing.co
- @theclearingco
Pricing mechanism
AMM/CPMM with cross-market parlay layer ('Lineups')
Settlement
Was applying to CFTC as a Derivatives Clearing Organization (DCO) for event contracts · would have been first stablecoin-native PM clearinghouse
Strengths
- ACQUIRED BY COINBASE Dec 22, 2025 · strongest validation outcome in this batch; team now powering Coinbase's prediction-markets push
- First stablecoin-native PM clearinghouse design (CFTC DCO application filed Nov 21, 2025) · novel regulatory primitive
- 'Lineups' cross-market parlays product was a clean differentiator vs Polymarket's single-market structure
- Strong social signal · 13.6K X followers despite limited tweet volume
Weaknesses
- Standalone product effectively sunset post-acquisition · competitive threat is now Coinbase, not Clearing itself
- CFTC DCO application status post-acquisition is unclear
- Mainstream traction undisclosed since Lineups parlay launch (Sep 2025)
About this mechanism
Yes/No or multi-outcome shares priced via AMM or CLOB. The largest category by platform count · the volume of onchain competition for what most people picture when they hear 'prediction market'.