The prediction market platform Pascal has completed a $9 million Series A funding round, led by USV
According to Fortune, the prediction market platform Pascal announced the completion of a $9 million Series A financing round, planning to create a new generation of prediction market platform aimed at professional traders and institutional users, challenging the current market landscape dominated by Kalshi and Polymarket. This round of financing was led by Union Square Ventures (USV), with specific valuation undisclosed.This financing is an extension based on the $6 million seed round from last August, with early investors including Wintermute Ventures and DBA. Pascal is headquartered in New York and positions itself as a prediction market platform similar to Kalshi, but aims to provide users with lower fees, higher liquidity, and more specialized trading tools through a trading model closer to perpetual futures.Pascal co-founder Ivo Crnkovic-Rubsamen stated that they hope to establish a high liquidity prediction market for real business risks in the future, allowing companies to use these markets for risk management and hedging.