Pascal raises $9M Series A to challenge Kalshi and Polymarket
VC & Fundraising ·
Prediction market trading platform Pascal closed a $9 million Series A led by Union Square Ventures, positioning itself against established players in the sector.
Pascal, a prediction market startup, secured the $9M round with Union Square Ventures (USV) as lead investor, according to Fortune. The funding places Pascal in direct competition with Kalshi and Polymarket, two of the more prominent platforms in the prediction market space.
The round underscores continued investor interest in prediction markets as a category, even as the field already contains well-capitalized incumbents. Union Square Ventures' decision to lead the Series A signals confidence in Pascal's approach to trading on future events, though the specific product mechanics, valuation, or additional participating investors were not detailed in available reporting.
Coverage of the raise has been consistent across multiple outlets, with five distinct sources describing the same core facts: a $9M Series A, USV as lead, and Pascal's stated aim of competing with Kalshi and Polymarket. The repetition across reports points to a relatively contained but confirmed disclosure rather than a widely varying account.
What remains unclear is how Pascal plans to differentiate its trading platform from Kalshi and Polymarket in practice, and what near-term milestones the Series A funding is intended to support. Additional detail on the round's terms, other backers, or Pascal's timeline for launch or expansion has not surfaced in the material reviewed.