A Quick Look at Order Types on Kalshi

For those new to Kalshi, or even just prediction markets in general, understanding order types is pretty fundamental to managing your exposure. You've got your basic market orders, which execute immediately at the best available price. Useful for getting in or out fast, but not always ideal when there's significant spread or you're trying to hit a specific entry point. Consider the recent $WETH moves; if you'd just market bought at the peak of the 1.21 range, you might have felt that sting shortly after.

Then you have limit orders. This is where you specify the exact price you're willing to buy or sell at. If the market doesn't reach your price, your order won't fill. This allows for more precise entries and exits and can help you avoid overpaying or underselling, especially on contracts with wider liquidity gaps. It takes a bit more patience, but it’s a standard tool for a reason.