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0 0 0 0.00174846255878464 0.00361750874231282 0.00269303428594403 4.0194541581331E-05 -0.00357731420073149
Stock impact report

Coinbase agrees to buy The Clearing Company to deepen prediction markets push [Yahoo! Finance]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
San Francisco-based The Clearing Company is a startup led by Toni Gemayel, who has worked extensively in the industry including as the head of growth at prediction market Kalshi. Terms of the deal were not disclosed. The transaction, which is expected to close in January, comes as prediction markets pick up steam, with weekly notional volume now topping $4 billion according to Dune analytics data. Last week, Coinbase started letting users trade on the outcomes of real-world events in partnership with Kalshi. The events range from political elections and economic reports to cultural moments and sports. Coinbase said the deal will bring in a team with specialized experience building and scaling event-based trading systems. It includes veterans at Polymarket, a blockchain-based platform, as well as a former chief compliance officer at Kalshi. Last week, the exchange said it plans to expand the functionality available on its platform to also include novel cryptocurrencies, perpetua Show less Read more
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