In this guide
Key takeaway: Exiting prediction markets generally requires liquidating your position into 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 take anywhere from 5 minutes up to 3 business days.
Understanding how to withdraw from prediction markets matters as much as grasping deposit mechanics. Most emerging traders concentrate on acquiring shares but encounter unexpected complexity 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 the complete payout)
- Go to Portfolio → Withdraw
- Choose your withdrawal network — Polygon (minimal cost, nearly instant) or Ethereum (steeper gas fees, 5-15 min)
- Input your wallet address — verify carefully; blockchain operations cannot be reversed
- Authorise the withdrawal — USDC lands in your external wallet between 1-10 minutes when using 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 CFTC-regulated status:
- Go to Account → Withdraw
- Pick your connected bank account (ACH) or wire option
- Specify the amount and authorise
- Money appears in 1-3 business days (ACH) or immediately (wire, $25 cost)
Common Withdrawal Issues
| Issue | Cause | Solution |
| Withdrawal pending for hours | Blockchain delays or regulatory screening | Allow 24 hours to pass, then reach out to support staff |
| Wrong network selected | Transferred USDC via Polygon to an address that only accepts Ethereum | Recovery is feasible if you own the corresponding private key |
| KYC re-verification | Sizeable withdrawal activates regulatory verification | Furnish requested paperwork without delay |
| Minimum withdrawal not met | Exchange enforces a floor amount | Add funds to your account to satisfy the requirement |
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 cash itself is not a taxable event — however, selling your shares (closing your position) absolutely is. Consult our prediction market tax guide for comprehensive information on filing obligations across the US, EU, and UK jurisdictions.
PolyGram streamlines the exit process through an intuitive deposit and withdrawal interface. Start trading on PolyGram →