POPA ReconPascal Raises $9M to Build Institutional Prediction Markets
Pascal Raises $9M to Build Institutional Prediction Markets The New York-based startup raised $9M in a Series A led by Union Square Ventures to build a more “pro-grade” prediction market platform, adding to a $6 million seed round from Wintermute Ventures and DBA raised last August. Founded by Ivo Crnkovic-Rubsamen (former dYdX CEO) and Matthew Downey, Pascal positions itself as a more refined, perpetual futures-style alternative to Kalshi and Polymarket — built for serious traders and institutions rather than casual bettors. The startup launched in June and remains in private beta, focusin…
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