diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6c9fbcc..9ab462a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -23,6 +23,15 @@ Core OpenAPI remains 3.34.0.
 
 ### Added
 
+- **`events.get(..., exclude_markets=)`** (sync + async) — optional
+  boolean query param on `GET /events/{event_ticker}`. When true,
+  returns event metadata without loading child markets. Use
+  `GET /markets` with `event_ticker`, `limit`, and `cursor` for
+  bounded market pages. Cannot be combined with
+  `with_nested_markets=true` (API returns 400). Default `None` does
+  not emit the param; explicit `False` serializes as `false`.
+  (Closes #542).
+
 - Perps **`markets.bulk_orderbooks(*, tickers)`** (sync + async) —
   `GET /margin/markets/orderbooks`. Fetches up to 100 margin orderbooks
   in one call. `tickers` is required (1–100) and serializes as a
diff --git a/docs/resources/events.md b/docs/resources/events.md
index c9c540e..c2a2b86 100644
--- a/docs/resources/events.md
+++ b/docs/resources/events.md
@@ -11,7 +11,7 @@ more markets that share a resolution.
 | `list_all(...)` | walks `list` | no |
 | `list_multivariate(...)` | `GET /events/multivariate` | no |
 | `list_all_multivariate(...)` | walks `list_multivariate` | no |
-| `get(event_ticker, *, with_nested_markets=False)` | `GET /events/{event_ticker}` | no |
+| `get(event_ticker, *, with_nested_markets=False, exclude_markets=False)` | `GET /events/{event_ticker}` | no |
 | `metadata(event_ticker)` | `GET /events/{event_ticker}/metadata` | no |
 | `fee_changes(...)` | `GET /events/fee_changes` | no |
 | `fee_changes_all(...)` | walks `fee_changes` | no |
@@ -59,6 +59,11 @@ for market in event.markets:
 `with_nested_markets` defaults to `False` — you'll get the event metadata only
 unless you opt in.
 
+`exclude_markets=True` returns event metadata without loading child markets
+(use `client.markets.list(event_ticker=..., limit=..., cursor=...)` for
+bounded market pages). It cannot be combined with `with_nested_markets=True`
+(the API returns 400). Default `None` omits the query param.
+
 ## Event metadata
 
 ```python
diff --git a/kalshi/resources/events.py b/kalshi/resources/events.py
index cbef28a..b16141e 100644
--- a/kalshi/resources/events.py
+++ b/kalshi/resources/events.py
@@ -198,10 +198,12 @@ def get(
         event_ticker: str,
         *,
         with_nested_markets: bool | None = None,
+        exclude_markets: bool | None = None,
         extra_headers: dict[str, str] | None = None,
     ) -> Event:
         params = _params(
             with_nested_markets=_bool_param(with_nested_markets),
+            exclude_markets=_bool_param(exclude_markets),
         )
         data = self._get(
             f"/events/{_seg(event_ticker, name='event_ticker')}",
@@ -384,10 +386,12 @@ async def get(
         event_ticker: str,
         *,
         with_nested_markets: bool | None = None,
+        exclude_markets: bool | None = None,
         extra_headers: dict[str, str] | None = None,
     ) -> Event:
         params = _params(
             with_nested_markets=_bool_param(with_nested_markets),
+            exclude_markets=_bool_param(exclude_markets),
         )
         data = await self._get(
             f"/events/{_seg(event_ticker, name='event_ticker')}",
diff --git a/specs/openapi.yaml b/specs/openapi.yaml
index a18e65a..3ba64fa 100644
--- a/specs/openapi.yaml
+++ b/specs/openapi.yaml
@@ -754,6 +754,13 @@ paths:
           description: Event ticker
           schema:
             type: string
+        - name: exclude_markets
+          in: query
+          description: Return event metadata without loading child markets. Use GET /markets with event_ticker, limit and cursor for bounded market pages. Cannot be combined with with_nested_markets=true.
+          required: false
+          schema:
+            type: boolean
+            default: false
         - name: with_nested_markets
           in: query
           required: false
diff --git a/tests/test_events.py b/tests/test_events.py
index 248b951..3adf6c4 100644
--- a/tests/test_events.py
+++ b/tests/test_events.py
@@ -182,6 +182,45 @@ def test_get_with_explicit_false_still_serializes(self, events: EventsResource)
         events.get("EVT-1", with_nested_markets=False)
         assert route.calls[0].request.url.params["with_nested_markets"] == "false"
 
+    @respx.mock
+    def test_get_exclude_markets_true(self, events: EventsResource) -> None:
+        route = respx.get("https://test.kalshi.com/trade-api/v2/events/EVT-1").mock(
+            return_value=httpx.Response(
+                200,
+                json={"event": event_dict(event_ticker="EVT-1", title="T", series_ticker="S")},
+            )
+        )
+        events.get("EVT-1", exclude_markets=True)
+        assert route.calls[0].request.url.params["exclude_markets"] == "true"
+
+    @respx.mock
+    def test_get_exclude_markets_default_does_not_send_param(
+        self, events: EventsResource
+    ) -> None:
+        """Default `exclude_markets=None` MUST NOT emit the query param (#542)."""
+        route = respx.get("https://test.kalshi.com/trade-api/v2/events/EVT-1").mock(
+            return_value=httpx.Response(
+                200,
+                json={"event": event_dict(event_ticker="EVT-1", title="T", series_ticker="S")},
+            )
+        )
+        events.get("EVT-1")
+        assert "exclude_markets" not in route.calls[0].request.url.params
+
+    @respx.mock
+    def test_get_exclude_markets_explicit_false_still_serializes(
+        self, events: EventsResource
+    ) -> None:
+        """Explicit `exclude_markets=False` MUST still emit `?exclude_markets=false`."""
+        route = respx.get("https://test.kalshi.com/trade-api/v2/events/EVT-1").mock(
+            return_value=httpx.Response(
+                200,
+                json={"event": event_dict(event_ticker="EVT-1", title="T", series_ticker="S")},
+            )
+        )
+        events.get("EVT-1", exclude_markets=False)
+        assert route.calls[0].request.url.params["exclude_markets"] == "false"
+
     @respx.mock
     def test_not_found(self, events: EventsResource) -> None:
         respx.get("https://test.kalshi.com/trade-api/v2/events/FAKE").mock(