In this guide
Key takeaway: Cashing out from prediction markets usually requires selling your position for USDC (or USD), moving funds to your own wallet or financial institution, and then exchanging into 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 as much as learning how to fund your account. Many beginning participants concentrate on acquiring shares but find themselves unprepared for the mechanics involved in realising their earnings. This resource walks through all the leading platforms.
Withdrawing from Polymarket
- Exit your position — offload your shares via the market (alternatively, hold until market settlement for the complete payout)
- Go to Portfolio → Withdraw
- Pick your withdrawal chain — Polygon (most economical, immediate settlement) or Ethereum (steeper costs, 5-15 min)
- Supply your wallet address — verify carefully; once sent on-chain, transactions cannot be reversed
- Authorise the withdrawal — USDC will reach your external wallet in 1-10 minutes via Polygon
- Exchange to fiat currency — transfer USDC to Coinbase, Kraken, or Binance and trade for EUR/USD/GBP, then move to your bank account
Withdrawing from Kalshi
Kalshi operates through conventional banking infrastructure given its status as a CFTC-authorised platform:
- Go to Account → Withdraw
- Choose your connected bank account (ACH) or electronic wire
- Specify the sum and finalise
- Money reaches your account within 1-3 business days (ACH) or instantly (wire, $25 charge)
Common Withdrawal Issues
| Issue | Cause | Solution |
| Withdrawal stuck in processing for extended periods | Blockchain delays or regulatory screening | Allow 24 hours to pass, then reach out to customer service |
| Incorrect chain used | USDC transferred via Polygon to an address that only accepts Ethereum | Recovery is possible if you own the corresponding private key |
| Identity verification renewal | Substantial withdrawal initiates regulatory verification | Furnish required paperwork without delay |
| Withdrawal floor not reached | Site enforces a floor amount | 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 occurrence — however, liquidating your shares (closing out your position) is. Review our prediction market tax guide for specifics regarding disclosure obligations across the United States, European Union, and United Kingdom.
PolyGram simplifies the withdrawal process with an intuitive deposit and withdrawal interface. Start trading on PolyGram →