Coinbase to acquire prediction markets company The Clearing Company

Coinbase (COIN) has entered an agreement to acquire The Clearing Company, a prediction markets company “innovating at the frontier of regulated, onchain markets. The team brings deep expertise that will help power and scale prediction markets on Coinbase, accelerating our roadmap toward being the Everything Exchange.” This transaction is subject to customary closing conditions and is expected to close in January, Coinbase added. Coinbase did not disclose financial terms of the deal.