Pascal, a new prediction market startup, has secured $9 million in Series A funding to compete with established players like Kalshi and Polymarket. The company aims to offer a more sophisticated platform for institutional traders, focusing on lower fees and advanced tools, drawing inspiration from perpetual futures and the work of Blaise Pascal. The funding round was led by Union Square Ventures and builds upon a previous seed round. AI
RANK_REASON Significant funding round for a startup in a growing market, directly challenging established players. [lever_c_demoted from significant: ic=1 ai=0.0]
- Blaise Pascal
- Bridgewater Associates
- Doctor of Business Administration
- dYdX
- Ivo Crnkovic-Rubsamen
- Kalshi
- Matthew Downey
- Pascal
- Polymarket
- Union Square Ventures
- Wintermute Ventures
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