If you placed an event contract order and want to cancel or exit your position, your options depend on whether the order has already been filled.

If your order is still pending, you may be able to cancel it:

1. Go to Investing → Prediction markets
2. Select the pending order
3. Select Cancel order

If the order has already been filled, cancellation isn't possible, even for an accidental order. Event contract trades are final once executed. The exchange matches your order with a counterparty immediately, and Robinhood can't cancel or reverse a completed trade.

If your position is still open, you may be able to close it by selling your contracts at the current market price.

Closing your position early may result in a gain or loss depending on how the market price has moved since your purchase:

• If the market has moved in your favor, you may receive more than you paid
• If the market has moved against your position, you may receive less than you paid
• If the market is closed or there's no liquidity (no buyers available at your price), you won't be able to close the position. You'll need to hold until expiration.

At settlement, the contract pays $1 if your outcome is correct or $0 if it isn't. There's no other exit.

How to close a combo position

To close a combo position, go to Your positions, select the open combo position, and select Close position. Because combos use FOK orders, the entire combo must fill or it cancels. If there are no other participants to take the other side of the trade, closing trades may be unavailable.

The app may allow you to submit certain custom combo orders without blocking conflicting selections. Once the order fills, it's final. You may be able to exit combo positions if the market is still open, but the trade itself can't be reversed or refunded.

Order confirmation

Before any event contract order is submitted, the app shows an order review screen with your position details, price, and fees. Review this screen carefully before swiping to submit.

Using limit orders

Using GTD (good-til-date) limit orders lets you set a specific price you're willing to pay. This gives you more control over your entry price and helps you avoid filling at an unexpected price in a fast-moving market.

Restrictions and eligibility requirements apply. Futures, options on futures, and cleared swaps trading involves significant risk and is not appropriate for everyone. Carefully consider if it's appropriate for you in light of your personal financial circumstances. Displayed prices are based on real-time market sentiment.

Read the Event Contracts Risk Disclosure for more information about the risks associated with event contracts.

Futures, options on futures and cleared swaps trading is offered by Robinhood Derivatives, LLC, a registered futures commission merchant with the Commodity Futures Trading Commission (CFTC) and Member of National Futures Association (NFA). Event contracts are offered by Robinhood Derivatives, LLC through either KalshiEX LLC, ForecastEX, LLC or Rothera Exchange and Clearing LLC.