Bullish

Pascal Secures $9M Series A Led by USV to Challenge Kalshi and Polymarket

2026-07-16 21:02:47

Prediction market Pascal raises $9M Series A led by USV, aiming to offer lower fees and perp-futures-style tools for institutional hedging against rivals.

Woofun AI reports that prediction market platform Pascal has closed a $9 million Series A funding round led by Union Square Ventures. The capital injection builds upon a $6 million seed round completed in August of the previous year, which included participation from Wintermute Ventures and DBA.

Headquartered in New York, Pascal intends to compete with Kalshi and Polymarket by providing professional traders with lower fees, enhanced liquidity, and specialized tools modeled after perpetual futures. Co-founder Ivo Crnkovic-Rubsamen stated the goal is to create highly liquid markets for real business risks, enabling corporate risk management and hedging.

WOOFUN AI

Impact Assessment · Quick Read

2026-05-27 09:24

Core conclusion: BlackRock's entry raises the estimated approval odds for a SOL ETF from 50% to 75%. SOL has already priced in about 6% of that expectation. The decisive move should follow the 19b-4 filing expected in mid-June and the first SEC feedback window expected in September. A SOL/BTC break above 0.0028 would confirm the trend; a drop below 0.0024 would raise the risk of a sell-the-news pullback. The impact on ETH is neutral to slightly negative as marginal capital becomes more likely to rotate from ETH into SOL.

Short-term Impact (1W)

+ Bullish

SOL +8~12%

Medium-term Impact (3M)

+ Bullish

SOL +15~30%

Impact on ETH

− Bearish

Risk of capital rotation

Sentiment Score

8.7/ 10

Extremely optimistic

Attention

9.6/ 10

Headline-level event

Credibility

10.0/ 10

Direct SEC EDGAR source

Approval Odds

75%

+25pp vs. last week

SOL Price Target

$215

90 days, 65% confidence

Generated by WOOFUN AI · For reference only, not investment advice2026-05-27 09:24

Pascal Secures $9M Series A Led by USV to Challenge Kalshi and Polymarket

Impact Assessment · Quick Read

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