In this guide
Key takeaway: Exiting prediction markets generally requires settling your position 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 up to 3 business days.
Understanding how to withdraw from prediction markets is equally crucial as mastering the deposit process. Many emerging traders concentrate on acquiring shares but encounter unexpected complications when attempting to realise their earnings. This article walks through the major platforms available.
Withdrawing from Polymarket
- Exit your position — liquidate your shares through the order book (alternatively, hold until market settlement for the complete settlement amount)
- Go to Portfolio → Withdraw
- Pick your withdrawal blockchain — Polygon (lowest cost, nearly instant) or Ethereum (steeper gas costs, 5-15 min)
- Provide your wallet address — verify multiple times; once on the blockchain, transactions cannot be reversed
- Approve 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 request a bank transfer
Withdrawing from Kalshi
Kalshi operates via conventional banking infrastructure given its status as a CFTC-authorised trading venue:
- Go to Account → Withdraw
- Choose your registered bank account (ACH) or wire option
- Specify the withdrawal sum and authorise
- Your money lands in 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 periods | Blockchain saturation or regulatory screening | Allow 24 hours to elapse, then reach out to customer support |
| Incorrect blockchain chosen | Transferred USDC via Polygon to a wallet that only accepts Ethereum | Recovery is possible if you own the corresponding private key |
| KYC re-validation required | Sizeable withdrawal activates regulatory screening | Furnish requested paperwork without delay |
| Below minimum withdrawal threshold | Platform enforces a floor amount for withdrawals | Add funds to your account to reach the required level |
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 capital itself is not a taxable occurrence — however, selling your shares (exiting your position) is. Consult our prediction market tax guide for comprehensive coverage of filing obligations across the United States, European Union, and United Kingdom.
PolyGram streamlines the exit process with an intuitive deposit and withdrawal interface. Start trading on PolyGram →