In this guide
Key takeaway: Cashing out from prediction markets generally requires converting your position to USDC (or USD), moving funds to your own wallet or bank account, and then exchanging for your home currency. Depending on your chosen platform and withdrawal method, this can take anywhere from 5 minutes up to 3 business days.
Understanding how to withdraw from prediction markets matters just as much as mastering the deposit process. Most beginning traders concentrate on acquiring shares but underestimate the complexity involved in actually realising their winnings. This article walks through the major platforms available.
Withdrawing from Polymarket
- Exit your position — offload your shares via the order book (alternatively, hold until market settlement for your full payout)
- Go to Portfolio → Withdraw
- Pick your withdrawal chain — Polygon (minimal cost, instant settlement) or Ethereum (steeper gas charges, 5-15 minutes)
- Supply your wallet address — verify carefully; once sent on-chain, transactions cannot be reversed
- Authorise the withdrawal — your USDC should land in your external wallet between 1-10 minutes via Polygon
- Exchange to fiat currency — transfer USDC to Coinbase, Kraken, or Binance and trade for EUR/USD/GBP, then withdraw to your bank account
Withdrawing from Kalshi
Kalshi operates through conventional banking infrastructure given its status as a CFTC-authorised venue:
- Go to Account → Withdraw
- Choose your registered bank account (ACH) or electronic wire
- Specify the sum and verify
- Your money reaches your account within 1-3 business days (ACH) or the same business day (wire, with a $25 charge)
Common Withdrawal Issues
| Issue | Cause | Solution |
| Withdrawal stuck in pending status for extended periods | Blockchain network load or regulatory screening | Hold tight for a full day, then reach out to customer support |
| Incorrect chain used | Transmitted USDC via Polygon to a wallet that only accepts Ethereum | Recovery is feasible if you own the private key to that address |
| Identity verification request | Sizable withdrawal activates regulatory compliance screening | Deliver the required paperwork without delay |
| Threshold amount not reached | Platform enforces a floor for withdrawals | Add funds to your account to satisfy the requirement |
Withdrawal Fees by Platform
| Platform | Method | Fee | Speed |
| Polymarket | Polygon USDC | < $0.01 | 1-5 min |
| Kalshi | ACH | Free | 1-3 days |
| Kalshi | Wire | $25 | Same day |
| PolyGram | Polygon USDC | Free | 1-10 min |
Tax Implications of Withdrawals
The act of withdrawing money itself is not a taxable transaction — however, selling your shares (exiting your position) is. Review our prediction market tax guide for comprehensive information on filing obligations across the United States, European Union, and United Kingdom.
PolyGram streamlines the withdrawal experience with an intuitive deposit and withdrawal interface. Start trading on PolyGram →