How to sell on Kalshi
A point that surprises new traders: you can sell your Kalshi contracts any time before the event resolves. You are not locked in until settlement, which is what makes active trading possible.
Here is how selling works.
Selling is just trading the other way
To exit, you sell the contracts you hold back into the market at the current price. If the price has risen since you bought, you lock in a profit; if it has fallen, you cut your loss. You do not have to wait for the event to know your outcome.
Limit sells versus quick sells
Just like buying, you can sell with a market (quick) order for speed or a limit order for price control. A limit sell rests at your chosen price and may earn the maker fee advantage; a quick sell fills immediately but can give up the spread on a thin book.
What you actually receive
Your proceeds are the sale price times the number of contracts, minus any taker fee. On a thin book, a large sell can walk down through price levels, so check depth before dumping a big position, and consider breaking it up.
Sell early or hold to settlement?
Selling early locks in a known result and frees your capital, but pays a fee and gives up any remaining upside. Holding to settlement collects the full $1 per winning contract with no settlement fee, but ties up your money and risks the outcome flipping. The right choice depends on your conviction and how much edge is left in the price.