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 preferred fiat currency. Depending on your chosen platform and withdrawal method, this can take anywhere from 5 minutes to 3 business days.
Understanding how to withdraw from prediction markets matters just as much as learning how to fund your account initially. Many beginners concentrate on acquiring shares but find themselves unprepared for the mechanics involved in actually realising their gains. This resource addresses the major platforms available.
Withdrawing from Polymarket
- Liquidate your position — place your shares for sale on the market (alternatively, hold until the market settles if you prefer to receive the complete settlement amount)
- Go to Portfolio → Withdraw
- Choose your withdrawal network — Polygon (lowest cost, nearly instantaneous) or Ethereum (steeper gas charges, 5-15 min)
- Provide your wallet address — verify carefully; once sent to the blockchain, transactions cannot be reversed
- Authorise the withdrawal — your USDC will appear in your external wallet between 1-10 minutes if using 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 because it holds CFTC registration:
- Go to Account → Withdraw
- Pick your connected bank account (ACH) or wire option
- Specify the withdrawal sum and approve
- Your money reaches your bank in 1-3 business days (ACH) or the same business day (wire, $25 charge applies)
Common Withdrawal Issues
| Issue | Cause | Solution |
| Withdrawal stuck in pending state for extended periods | Heavy blockchain traffic or regulatory screening | Allow 24 hours to elapse, then reach out to customer service |
| Incorrect network chosen | Transmitted USDC via Polygon to a wallet that only accepts Ethereum | Recovery is feasible if you have access to the wallet's private key |
| Identity verification required again | Substantial withdrawal amount initiates a compliance screening | Provide the required identification documents without delay |
| Withdrawal below minimum threshold | Platform enforces a minimum withdrawal limit | Add funds to your account to reach the required 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 money itself is not a taxable event — however, selling your shares (exiting your position) creates a taxable transaction. Consult our prediction market tax guide for comprehensive information on filing obligations across the United States, European Union, and United Kingdom.
PolyGram streamlines the withdrawal process with an intuitive deposit and withdrawal interface. Start trading on PolyGram →