Pascal Completes $9 Million Series A Funding Led by USV

Pascal, a prediction market startup, has completed a $9 million Series A funding round led by Union Square Ventures, with the valuation undisclosed. The company previously raised $6 million in seed funding last August. Pascal launched in June this year and is currently in private testing. The product is positioned close to a perpetual contract trading platform, allowing users to trade around future events, emphasizing lower fees and faster execution speeds, targeting professional traders and institutions. The company plans to reduce issues of false trades and enhance liquidity through incentives.

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