In this guide
Key takeaway: Cashing out from prediction markets generally requires converting your holdings into USDC (or USD), moving funds to your own wallet or bank account, and then exchanging to your regional currency. The full process ranges from 5 minutes to 3 business days based on your chosen platform and withdrawal method.
Understanding how to withdraw from prediction markets matters as much as learning how to fund your account. Many beginning investors concentrate on acquiring shares but encounter unexpected complications when attempting to realise their gains. This resource addresses all leading platforms.
Withdrawing from Polymarket
- Exit your position — offload your shares via the order book (alternatively, hold until market settlement for complete payout)
- Go to Portfolio → Withdraw
- Pick your withdrawal blockchain — Polygon (minimal cost, instant settlement) or Ethereum (steeper gas charges, 5-15 min)
- Supply your wallet address — verify multiple times; once sent to the blockchain, transfers cannot be reversed
- Approve the withdrawal — USDC lands in your independent wallet between 1-10 minutes via Polygon
- Exchange to regular currency — transfer USDC to Coinbase, Kraken, or Binance and trade for EUR/USD/GBP, then move to your bank
Withdrawing from Kalshi
Kalshi operates via conventional banking infrastructure as it holds CFTC authorisation:
- Access Account → Withdraw
- Choose your attached bank account (ACH) or bank wire
- Input the sum and authorise
- Money reaches your account in 1-3 business days (ACH) or immediately (wire, $25 charge)
Common Withdrawal Issues
| Issue | Cause | Solution |
| Withdrawal pending for hours | Blockchain overload or regulatory screening | Allow 24 hours to elapse, then reach out to support staff |
| Wrong network selected | Transferred USDC via Polygon to an address that only accepts Ethereum | Funds may be retrievable if you own the secret key |
| KYC re-verification | Sizeable withdrawal initiates identity verification | Deliver required paperwork without delay |
| Minimum withdrawal not met | Site enforces a floor on withdrawal amounts | Add funds to your balance 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 itself does not create a taxable event — however, liquidating your shares (exiting your position) does. Refer to our prediction market tax guide for specifics on filing obligations across the United States, European Union, and United Kingdom.
PolyGram streamlines the withdrawal process with an intuitive account management system. Start trading on PolyGram →