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A market order buys or sells straight away at the best prices available in the order book.
Market Order: A market order buys or sells straight away at the best prices available in the order book.
A market order buys or sells straight away at the best prices available in the order book.
You want 100 YES contracts now. The best ask has 60 at 51¢ and the next has 40 at 53¢, so your order fills at an average of about 51.8¢.
Market orders are fast but you can pay more than the price you saw. In quiet markets, prefer a limit order.
Affiliate disclosure: we may earn a commission if you sign up through our link. It never affects our content. Prediction markets involve risk. You can lose money. Nothing here is financial advice.
Visit KalshiA Designated Contract Market is an exchange licensed by the U.S. CFTC to list futures and event contracts. Kalshi is a DCM.
The bid is the highest price someone is willing to pay right now; the ask is the lowest price someone is willing to sell at. The gap between them is the spread.
Expected value is what a trade is worth on average if you could repeat it many times. It combines your estimate of the probability with the price and the payout.
