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

_Friday, July 17, 2026 at 8:00 AM EDT · Capital · Latest · Tier 2 — Notable_

![Exclusive: Prediction market startup Pascal raises $9 million to challenge heavyweights Kalshi and Polymarket — Primary](https://fortune.com/img-assets/wp-content/uploads/2026/07/pascal-cover-e1784173434718.jpg?resize=1200,600)

Prediction market startup Pascal announced on Thursday a $9 million Series A funding round led by Union Square Ventures to challenge heavyweights Kalshi and Polymarket. The New York-based company said it aims to offer a more refined version of prediction markets with competitively low fees and advanced tools for serious traders and institutions. Pascal cofounder Ivo Crnkovic-Rubsamen said he would love to see a world where there are liquid markets for the types of risks that real businesses face and are interested in hedging. The Series A builds on a seed round Pascal held last August, which raised $6 million from Wintermute Ventures and DBA. Pascal launched in June and remains in private beta, with the company declining to disclose current trading volumes.

## Sources

- [fortune.com](https://fortune.com/2026/07/16/exclusive-prediction-market-startup-pascal-9-million-heavyweights-kalshi-and-polymarket/)

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Retrieved: 2026-07-17T10:24:25.417Z
Publisher: Tech & Business (techandbusiness.org)