Understanding "Limit Up" with NG Example

On Kalshi, understanding how a market can 'limit up' or 'limit down' is crucial, particularly with volatile commodities like Natural Gas futures. For instance, today's move in $NG, currently trading at $5.925 and up over 5% for the day, could trigger a 'limit up' freeze on the underlying futures exchange if it hit a predefined price threshold, halting trading temporarily. While Kalshi contracts don't directly halt, the underlying price freeze drastically impacts settlement and liquidity. Traders need to consider this tail risk in their event contract pricing.