San Francisco financial services company Clearing Company has filed an application with the Commodity Futures Trading Commission to become a Derivatives Clearing Organization so it can launch prediction markets.
If approved, the Clearing Company said it would create a clearinghouse purpose-built for prediction markets, which, according to The Wall Street Journal, will focus on developing, rather than building its own website and app for users.
The company plans to apply for a Commodity Futures Trading Commission exchange license, with the expectation that its prediction market will launch in late 2026.
Clearing Company will be led through the Derivatives Clearing Organization application process by Kalshi’s former Chief Compliance Officer, Sam Schwarz, who is Clearing Company’s Regulatory and Compliance Strategy Leader.
