In this guide
Key takeaway: Withdrawing from prediction markets typically involves converting your position to USDC (or USD), transferring to a personal wallet or bank, and then converting to your local currency. The entire process takes 5 minutes to 3 business days depending on the platform and method.
Knowing how to withdraw from prediction markets is just as important as knowing how to deposit. Many new traders focus on buying shares but are surprised by the steps required to actually cash out profits. This guide covers every major platform.
Withdrawing from Polymarket
- Close your position — sell your shares on the order book (or wait for market resolution if you want the full payout)
- Navigate to Portfolio → Withdraw
- Select withdrawal network — Polygon (cheapest, near-instant) or Ethereum (higher gas, 5-15 min)
- Enter your wallet address — triple-check this; blockchain transactions are irreversible
- Confirm withdrawal — USDC arrives in your external wallet within 1-10 minutes on Polygon
- Convert to fiat — send USDC to Coinbase, Kraken, or Binance and sell for EUR/USD/GBP, then withdraw to your bank
Withdrawing from Kalshi
Kalshi uses traditional banking rails since it is a CFTC-registered exchange:
- Navigate to Account → Withdraw
- Select your linked bank account (ACH) or wire transfer
- Enter amount and confirm
- Funds arrive in 1-3 business days (ACH) or same day (wire, $25 fee)
Common Withdrawal Issues
| Issue | Cause | Solution |
| Withdrawal pending for hours | Network congestion or compliance review | Wait 24h, then contact support |
| Wrong network selected | Sent USDC on Polygon to an Ethereum-only address | Funds may be recoverable if you control the private key |
| KYC re-verification | Large withdrawal triggers compliance check | Submit requested documents promptly |
| Minimum withdrawal not met | Platform requires minimum amount | Deposit small amount to meet threshold |
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
Withdrawing funds does not itself trigger a tax event — but selling your shares (closing your position) does. See our prediction market tax guide for details on reporting requirements in the US, EU, and UK.
PolyGram makes withdrawals simple with a streamlined deposit and withdrawal flow. Start trading on PolyGram →