In this guide
Key takeaway: Cashing out from prediction markets generally requires converting your holdings to USDC (or USD), moving funds to your own wallet or financial institution, and then exchanging to 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 mastering the deposit process. Many first-time participants concentrate on purchasing shares but encounter unexpected complexity when attempting to realise their gains. This article walks through the major platforms available today.
Withdrawing from Polymarket
- Exit your position — liquidate your shares via the order book (or hold until market settlement for complete payout)
- Go to Portfolio → Withdraw
- Choose your withdrawal network — Polygon (minimal cost, nearly instant) or Ethereum (steeper gas charges, 5-15 min window)
- Supply your wallet address — verify multiple times; blockchain transactions cannot be undone
- Authorise the withdrawal — USDC reaches your external wallet in 1-10 minutes via Polygon
- Exchange to fiat currency — transfer USDC to Coinbase, Kraken, or Binance and exchange 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 platform:
- Go to Account → Withdraw
- Pick your registered bank account (ACH) or international wire
- Specify the withdrawal sum and authorise
- Money lands in your account within 1-3 business days (ACH) or the same business day (wire, $25 charge applies)
Common Withdrawal Issues
| Issue | Cause | Solution |
| Withdrawal pending for hours | Blockchain congestion or regulatory screening | Allow 24 hours to pass, then reach out to customer service |
| Wrong network selected | Transferred USDC via Polygon to an address that only accepts Ethereum | Assets may be retrievable if you possess the corresponding private key |
| KYC re-verification | Substantial withdrawal initiates regulatory verification | Furnish required paperwork without delay |
| Minimum withdrawal not met | Platform enforces a minimum withdrawal amount | Add funds to your account to satisfy the floor |
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 moment — rather, selling your shares (exiting your position) does. Consult our prediction market tax guide for comprehensive information on filing obligations across the United States, European Union, and United Kingdom jurisdictions.
PolyGram streamlines the cash-out experience through an intuitive platform comparison and withdrawal mechanism. Start trading on PolyGram →