In this guide
Key takeaway: Exiting prediction markets generally requires liquidating your holdings into USDC (or USD), moving funds to your own wallet or bank account, and then exchanging into your home currency. Depending on your chosen platform and withdrawal method, this can be completed anywhere from 5 minutes to 3 business days.
Understanding how to withdraw from prediction markets carries equal weight to learning how to fund them initially. Many first-time participants concentrate on acquiring shares but discover unexpected complexity when attempting to realise their gains. This resource examines all leading platforms.
Withdrawing from Polymarket
- Liquidate your position — offload your shares via the order book (alternatively, retain them until market settlement for complete payout eligibility)
- Go to Portfolio → Withdraw
- Choose your withdrawal chain — Polygon (minimal cost, near-immediate) or Ethereum (steeper gas charges, 5-15 min)
- Provide your wallet address — verify carefully; once submitted to the blockchain, transactions cannot be reversed
- Authorise the withdrawal — USDC reaches your external wallet between 1-10 minutes via Polygon
- Exchange for fiat currency — transfer USDC to Coinbase, Kraken, or Binance and trade for EUR/USD/GBP, then move to your bank
Withdrawing from Kalshi
Kalshi operates through conventional banking infrastructure given its CFTC-regulated status:
- Go to Account → Withdraw
- Choose your connected bank account (ACH) or wire option
- Specify the sum and authorise
- Your money arrives in 1-3 business days (ACH) or the same business day (wire, $25 charge)
Common Withdrawal Issues
| Issue | Cause | Solution |
| Withdrawal stuck in pending state for extended periods | Blockchain delays or regulatory screening | Allow 24 hours to elapse, then reach out to customer support |
| Incorrect blockchain selected | USDC transferred via Polygon to an address that only accepts Ethereum | Recovery is feasible if you own the corresponding private key |
| Identity verification renewal | Substantial withdrawal activates regulatory screening | Furnish requested identification materials without delay |
| Threshold amount not reached | Exchange enforces a floor on withdrawal amounts | Add funds to your account to satisfy the minimum |
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 capital itself does not create a taxable occurrence — however, disposing of your shares (settling your position) absolutely does. Consult our prediction market tax guide for comprehensive information on filing obligations across the United States, European Union, and United Kingdom.
PolyGram streamlines the exit process with an intuitive deposit and withdrawal interface. Start trading on PolyGram →