In this guide
Key takeaway: Exiting prediction markets generally requires selling your position for USDC (or USD), moving funds to your personal wallet or financial institution, and then exchanging to your home currency. Depending on your chosen platform and withdrawal method, this can range anywhere from 5 minutes to 3 business days.
Understanding how to withdraw from prediction markets matters as much as mastering the deposit process. Many traders new to the space concentrate on acquiring shares but find themselves unprepared for the mechanics of turning profits into cash. This article walks through the major platforms available.
Withdrawing from Polymarket
- Exit your position — liquidate your shares via the order book (alternatively, hold until market settlement for your full payout)
- Go to Portfolio → Withdraw
- Pick your withdrawal chain — Polygon (minimal cost, instant settlement) or Ethereum (steeper gas costs, 5-15 minutes)
- Input your receiving wallet address — verify carefully; once sent on-chain, transactions cannot be undone
- Authorise the withdrawal — your USDC will land 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 via conventional banking infrastructure because it holds CFTC registration as an exchange:
- Go to Account → Withdraw
- Choose your connected bank account (ACH) or wire option
- Specify the sum and verify
- Your money arrives within 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 period | Blockchain backlog or regulatory screening | Allow 24 hours to elapse, then reach out to customer service |
| Incorrect chain used | Transferred USDC via Polygon to a wallet that only accepts Ethereum | Recovery is possible if you own the wallet's private key |
| Identity verification renewed | Sizable withdrawal activates regulatory screening | Supply any required paperwork without delay |
| Floor amount not reached | Service imposes 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 itself is not a taxable occurrence — however, liquidating your shares (closing out your position) is. Consult our prediction market tax guide for comprehensive information on filing 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 →