Limit order
Last reviewed 2026-08-07
Limit order — definition
An order to buy or sell only at a specified price or better. Will not fill if the market doesn't reach your price.
Limit orders are the safe default in illiquid markets — you control your worst-case fill price at the cost of execution certainty.
On Kalshi, resting limit orders earn the maker side of the fee schedule.
Learn more: How prediction markets work
See also
Frequently asked questions
What does limit order mean in prediction markets?
An order to buy or sell only at a specified price or better. Will not fill if the market doesn't reach your price.
How does limit order work in practice?
Limit orders are the safe default in illiquid markets — you control your worst-case fill price at the cost of execution certainty.
Sources & further reading
- CFTC — Event contracts explainedU.S. Commodity Futures Trading Commission
- Kalshi — how prices and settlement workKalshi
- UMA Optimistic Oracle documentationUMA Protocol
Last reviewed 2026-08-07 · CollegePredictionMarkets.com