A career built across
institutions and ideas.

Kale Pasch, CFA, JD, is a New York-based derivatives attorney at Skadden, Arps, Slate, Meagher & Flom LLP and a founder working where gaming, derivatives, and fintech meet—above all in prediction markets, where CFTC-regulated event contracts meet state gaming law.

At Skadden, Kale focuses on equity derivatives. He advises financial institutions, hedge funds, asset managers, and corporate clients on equity swaps, total return swaps, structured notes, and other equity-linked products, including the derivatives components of capital markets and structured finance transactions. His work spans ISDA documentation, repo and securities lending, and Dodd-Frank Title VII, uncleared-margin, and clearing requirements.

Before Skadden, he practiced in Lowenstein Sandler's FinTech, Crypto, Trading & Markets group. There he advised prediction-market operators, gaming and payments companies, digital-asset exchanges, and venture-backed platforms on CFTC, SEC, and state gaming regulation. His work included drafting core exhibits for a dual CFTC DCM/DCO application for a prediction-markets venue and managing licensed-gaming applications for payment processors across every U.S. state and territory.

Kale came to law after years in bank supervision, financial-institution compliance, and fintech. He began as an Associate National Bank Examiner at the Office of the Comptroller of the Currency, examining risk models, investment portfolios, and credit exposure. He later led product development at Fulton Bank and served as Vice President, Equity Aggregation Regulatory Compliance Risk at Bank of America. He also founded Froogal, a VC-backed fintech company. During law school he was a Senior Research Fellow at Rutgers focused on U.S. and international crypto-asset regulation, and a Senior Legal Analyst at the New Jersey Economic Development Authority.

He is the founder of Apparently AI, which embeds legal counsel into coding agents so teams building regulated gaming, prediction-market, and fintech products can launch faster and spend less on legal work. He is also the founder and CEO of Tomorrow, an OTC prediction markets exchange. He founded the Prediction Markets Institute, which sets the standards for OTC prediction markets trading. He also founded Galop, a skill-based horse-racing gaming product, and is a passive founder of the law firm Apparently Law. He writes on derivatives, prediction markets, gaming, digital assets, and market structure.

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