What order types are available?
The available order types are:
In-dollars: Place an order by dollar amount (e.g., $100). This is an order to purchase up to the dollar amount worth of contracts now at the best available price.
In-contracts: Place an order by the number of contracts (e.g., 5 contracts). This is an order that will fill up to the number of contracts as possible now at the best price.
These order types let you trade quickly and at the best available price. If your entire order can’t be filled right away, the unfilled portion will be canceled.
For certain markets traded, your order will be submitted as a Market Order (‘MO’) with protection on an Immediate-or-Cancel (‘IOC’) basis. This is a market order that includes a built-in slippage tolerance to allow your order to be filled even if the contract’s price moves from the time you place the order to the time it is executed. It is a predetermined number of points, expressed as a dollar value, away from the displayed indicative price that will be acceptable to fill the MO with protection.
If the market movement is within the limit, either the whole or partial order will be filled at the best available prices up to a protection limit. If the market moves beyond that limit, any unfilled portion is canceled. This may result in your trade amount being slightly less than your intended amount, but ensures you're never filled at a price significantly worse than expected and increases the chances of your order being filled.
The following markets will be executed on an MO with protection on an IOC basis:
Market | Slippage tolerance |
Crypto predictions with durations of 5 min (if applicable), 20 min, 2 hours, daily and weekly | Up to $0.05 per contract |
Sports predictions when the event is live | Up to $0.05 per contract – scaled by the contract’s live price (see below) |
Live sports – slippage tolerance by contract price
Contract price | Slippage tolerance |
$0.00 – $0.10 | Up to $0.01 per contract |
$0.11 – $0.20 | Up to $0.02 per contract |
$0.21 – $0.30 | Up to $0.03 per contract |
$0.31 – $0.45 | Up to $0.04 per contract |
$0.46 – $0.55 | Up to $0.05 per contract |
$0.56 – $0.70 | Up to $0.04 per contract |
$0.71 – $0.80 | Up to $0.03 per contract |
$0.81 – $0.90 | Up to $0.02 per contract |
$0.91 – $1.00 | Up to $0.01 per contract |
Please note that availability of order types may vary by jurisdiction and are subject to applicable law.
How do I place an order?
Explore available events on the home pages
Buy or Sell a contract based on your prediction for the event.
Input the dollar amount or number of contracts you want to purchase. Use the dropdown to choose between Dollars and Contracts.
Confirm your order
Will my order always be 100% filled?
No, not always. If there isn’t enough liquidity at the best available price, your order may be:
partially filled, or
canceled entirely (if there is no liquidity at all).
Since orders can be filled across multiple price levels in the order book, your average execution price may differ from the price shown on the order screen when you submit.
When buying, your average fill price is often equal to or lower than the displayed price (i.e., you may get a better price).
When selling, your average fill price is often equal to or higher than the displayed price (again, potentially better for you).
Example
You’re looking to buy contracts. The current order book shows:
500 contracts available at the best ask price of $0.10
416 contracts available at the next price level of $0.12
Scenario 1: You place an “In-Dollars” order for $100
You get:
500 contracts at $0.10 → $50.00
416 contracts at $0.12 → $49.92
Total cost: ≈ $99.92
Average price: ≈ $0.11 per contract
Scenario 2: You place an “In-Contracts” order for 1,000 contracts
You get:
500 contracts at $0.10 → $50.00
416 contracts at $0.12 → $49.92
The remaining 84 contracts remain unfilled and are canceled due to the Immediate-or-Cancel (IOC) nature of the order
Total cost: ≈ $99.92
Average price for the filled portion: ≈ $0.11 per contract
Disclaimer: Trading involves risk and may not be appropriate for all. By trading you risk losing all of your money used to enter any transaction, including fees. You should carefully consider whether trading is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk.
This document is a translation of its English version. In case of conflict, the English version shall prevail.