Prediction Market Platform Pascal Completes $9M Series A Funding Led by USV

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The prediction market platform Pascal has secured $9 million in Series A funding led by Union Square Ventures (USV). The round follows a $6 million seed round in August 2024 and includes investments from Wintermute Ventures and DBA. Pascal focuses on price prediction for professional traders and institutional users, offering lower fees and higher liquidity. The platform aims to improve funding rates and provide advanced tools compared to competitors such as Kalshi and Polymarket.

Odaily Planet Daily reports that the prediction market platform Pascal has announced the completion of a $9 million Series A funding round, aiming to build a next-generation prediction market platform tailored for professional traders and institutional users, challenging the current market dominance of Kalshi and Polymarket.

This round was led by Union Square Ventures (USV), with the specific valuation not disclosed. This financing builds upon the $6 million seed round raised in August, with early investors including Wintermute Ventures and DBA.

Pascal, headquartered in New York, is a prediction market platform modeled after Kalshi, but aims to offer users lower fees, higher liquidity, and more sophisticated trading tools through a trading mechanism closer to perpetual futures.

Pascal co-founder Ivo Crnkovic-Rubsamen said he hopes to build highly liquid prediction markets for real business risks in the future, enabling companies to use these markets for risk management and hedging. (Fortune)

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