Pascal Raises $9 Million Series A to Challenge Prediction-Market Leaders

1 articles · Updated · Fortune · Jul 16

$9 million in Series A funding gives Pascal fresh capital to expand its prediction-market platform, with Union Square Ventures leading the round.
Pascal is pitching itself as a lower-fee, faster venue built more like perpetual futures, targeting professional traders and institutions rather than casual bettors.
The New York startup launched in June and is still in private beta after a $6 million seed round last August, while declining to disclose valuation or trading volumes.
Its push comes as prediction markets boom: Polymarket is valued at $15 billion, Kalshi at $22 billion, even as the sector still faces U.S. legal fights over whether it is gambling or federally regulated trading.