Exclusive: Prediction market startup Pascal raises $9 million to challenge heavyweights Kalshi and Polymarket

Pascal, a prediction market startup, raised $9 million in a Series A funding round to compete with Kalshi and Polymarket. The platform targets professional traders and institutions with low fees and advanced tools, led by cofounders Ivo Crnkovic-Rubsamen and Matthew Downey, who have backgrounds in quantitative and high-frequency trading.