According to Forbes, prediction market platform Pascal announced that it has completed a $9 million Series A round, led by Union Square Ventures. Pascal aims to challenge industry leaders such as Kalshi and Polymarket, positioning itself as a prediction market platform with an experience closer to perpetual contract trading. It will attract professional traders and institutional users through low fees and advanced trading tools. Pascal founder Ivo Crnkovic-Rubsamen previously worked at Bridgewater Associates and served as CEO of dYdX, while co-founder Matthew Downey has extensive high-frequency trading experience. Pascal launched in June this year and is currently in a private beta stage. Previously, in August last year, it secured a $6 million seed round backed by Wintermute Ventures and DBA.

KALSHI-5.62%
DYDX2.24%
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