Platform review
Pascal review
Non-custodial order-book prediction exchange on Solana
In United States: Listed as a restricted jurisdiction in Pascal’s terms.
Our verdict
Non-custodial order-book prediction exchange on Solana. A catalogue entry built from the operator’s own pages; scored provisionally from its own documents; we have not traded on it.
Verified documents & product scope
Check country eligibility
Choose the country you want to check. This lookup does not change your site region or establish individual account approval.
Where is Pascal available?
18+. ToS Restricted Jurisdictions: "Australia, Belgium, France, Germany, Italy, the Netherlands, Ontario, Poland, Quebec, Russia, Singapore, Taiwan, Thailand, the United Kingdom, the United States" plus comprehensively sanctioned jurisdictions (Iran, Syria, Cuba, North Korea, Crimea/Donetsk/Luhansk). VPNs prohibited.
What fees does Pascal charge?
Taker fee = size x price x (1 - price) x taker_fee_rate, default "taker_fee_rate": "0.020000" (2%); makers receive "maker_rebate_share": "0.250000" (25% of the taker fee). Configured per market (https://docs.pascal.trade).
These are document checks, not a funded-account test. Access may depend on residence, physical location, account approval and the contract category. Check the operator’s current terms before depositing.
Learn how play-money and real-money markets differ, use the fee and payout tools, or read our review methodology.
See our Platform documentation audit for the method and downloadable source register.
- Pascal Docs — checked
"Pascal is a noncustodial prediction market exchange on Solana." Users deposit USDC; REST and WebSocket APIs documented.
- Pascal Docs - Fees — checked
Default taker_fee_rate 2% applied to size x price x (1 - price); maker_rebate_share 25%.
- Pascal Docs - Resolution — checked
"Contracts are settled directly by the exchange team. Pascal does not use an onchain oracle to determine outcomes."
- Pascal Terms of Service (June 16, 2026) — checked
Operator Koganei Maru Ltd.; lists Restricted Jurisdictions including the United States and United Kingdom.
- Pascal public markets API — checked
2,813 listed markets tagged mainly Politics, Sports (soccer, NFL), Finance, AI, Crypto.
- Pascal docs – General (Fees, Referral, Resolution) — checked
Taker fee = size×p×(1−p)×rate, maker rebate share. Referral 10%/5%. 'Contracts are settled directly by the exchange team.'
- Pascal docs index — checked
REST/WebSocket API documented. Market rules via rules_url.
Prices and liquidity
We do not currently publish live quotes for Pascal. Check the platform’s order book before placing an order: the last trade can differ from the price available for your position size.
How to assess liquidity and spreads →Pascal FAQ
- What fees does Pascal charge?
- Taker fee = size x price x (1 - price) x taker_fee_rate, default "taker_fee_rate": "0.020000" (2%); makers receive "maker_rebate_share": "0.250000" (25% of the taker fee). Configured per market (https://docs.pascal.trade).
- Is Pascal regulated?
- No licence stated. Services are provided by Koganei Maru Ltd.; ToS are governed by Delaware law with arbitration seated in the British Virgin Islands. The company says it "does not operate a cryptoassets or derivatives exchange platform" (https://app.pascal.trade/terms.pdf).
- Who can use Pascal?
- 18+. ToS Restricted Jurisdictions: "Australia, Belgium, France, Germany, Italy, the Netherlands, Ontario, Poland, Quebec, Russia, Singapore, Taiwan, Thailand, the United Kingdom, the United States" plus comprehensively sanctioned jurisdictions (Iran, Syria, Cuba, North Korea, Crimea/Donetsk/Luhansk). VPNs prohibited.
- Does Pascal have an API?
- Yes. Pascal documents a public API for market data and trading.
- What can you trade on Pascal?
- Event contracts on politics, sports, economics, crypto and other events. Individual markets open and close, so check the live list before depositing.
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