BlockBeats News, July 16th. According to Fortune, the prediction market startup Pascal 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 from Wintermute Ventures and DBA in August last year.

Pascal launched in June this year and is currently in the private testing phase. Its product is positioned more as a perpetual contract trading platform, allowing users to trade around future events. It emphasizes lower fees, faster execution speed, and tools aimed at professional traders and institutions. The company also plans to reduce the issue of "wash trading" where trades appear to have occurred but are not settled, and aims to enhance liquidity through incentives.