Buying and Selling Event Contracts on Moomoo

Knowing what prediction markets are is one thing. Actually placing a trade is another. Here's a walkthrough of how buying and selling event contracts works inside the Moomoo app — from browsing to placing your order to managing your position.

Finding a Contract

Open the Prediction Markets tab in Moomoo. You'll land on a homepage showing active markets across sports, economics, politics, and more. Tap into any category to see a list of live events — each displaying the current Yes and No prices, which reflect the market's implied probability at that moment.

Tap an event to see all its available contracts. Tap a specific contract to open the contract detail page, where you'll see the current price, a live price chart showing how sentiment has shifted over time, and community discussion.

Placing a Trade

Trading an event contract is a four-step process:

Step 1 — Pick your contract. From the contract detail page, tap Trade.

Step 2 — Choose your direction. Select Yes or No. This is your prediction on whether the event outcome happens.

Step 3 — Choose your order type and time-in-force. Moomoo supports two order types:

Market order — executes immediately at the best available price. Market orders are Day orders only (valid for the current trading session).

Limit order — you set the exact price you're willing to buy or sell at. Limit orders give you more control over your entry price (Note: limit orders do not guarantee execution). You can pair a limit order with the following time-in-force options:

       - Day — expires at end of trading day if unfilled

       - GTC (Good Till Cancelled) — stays active up to 90 days

       - GTD (Good Till Date) — active until a date you specify

       - IOC (Immediate or Cancel) — fills what it can instantly, cancels the rest

Step 4 — Choose how you want to size your order. You can enter your position either by dollar amount (e.g., spend $20) or by number of contracts (e.g., buy 100 contracts). Dollar-based ordering is the simpler path if you're thinking in terms of how much you want to risk.

Once everything looks right, review your order summary — including the maximum payout and the maximum loss — and place the order.

Managing Your Position

After your order fills, you can track it under Positions. Moomoo shows your current P&L in real time as the contract price moves. You can also view a detailed P&L breakdown showing entry price, current value, and overall performance.

You're not locked in until expiration. If the market moves in your favor — or if you've changed your mind — you can close your position, based on market liquidiy, by placing an offsetting order at the current market price. Early exits let you lock in gains or limit losses before the event resolves.

At expiration, contracts settle automatically: $1.00 per contract if your prediction was correct, $0.00 if it wasn't. Payouts are deposited directly into your account.

Making Informed Decisions

Moomoo's event contract pages are connected to real-time news and community discussion. The comment section on each event and contract page lets you see how other traders are thinking — and share your own take. The AI summary feature will pull together relevant news, surface key variables, and give you a structured breakdown of what's driving contract prices — so you can make more informed calls rather than trading blind.

The Bottom Line

The mechanics are simpler than they look. Pick an event. Pick a direction. Decide how much you want to risk. The most you can lose on any trade is what you paid — and the most you can gain is $1.00 per contract. Everything else — order types, time-in-force options, early exits — is just tools to help you trade on your own terms.

Disclosure: Restrictions apply. Futures trading is not appropriate for everyone. Event contracts are offered by Moomoo Financial Inc., an FCM registered with the NFA. Not available in all states.