HOW TO WITHDRAW FROM POLYMARKET

How long does a Polymarket withdrawal take?

It depends on the withdrawal method. The Polymarket US app shows the expected timing on the withdraw screen before you confirm.

TL;DR:

On Polymarket US your balance is already in US dollars, so cashing out happens in one place: the app. Sell or settle your positions, tap Withdraw, pick one of the methods the app offers, enter the amount and confirm. No crypto exchange and no conversion step. Fees, minimums and timing are shown on the withdraw screen.

How cashing out works on Polymarket US

Polymarket US is a CFTC-regulated exchange that funds and trades in US dollars, so winnings come back as dollars. Withdrawing means: (1) make sure the money is free cash, not tied up in open positions, then (2) request the withdrawal in the app. (The international polymarket.com site, which is not for US users, uses USDC — this guide doesn't cover it.)

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18+ Only. Restrictions and eligibility requirements apply. Not available in all jurisdictions. Trading is risky. 100% loss can occur. See polymarket.com/tos for more information. The Polymarket US App serves as an independent software provider and affiliate of Polymarket US and Polymarket Clearing, the CFTC-regulated exchange and clearing organization.

Step 1 — Free up your cash

Money in an open position isn't cash yet. Either sell the position back into the order book or wait for the market to settle — winning contracts pay $1 each into your dollar balance.

Full ID verification is required on every Polymarket US account. If yours isn't complete, finish it before your first cash-out.

Step 2 — Request the withdrawal in the app

Open the withdraw screen in the Polymarket US app, choose one of the methods offered for your account and enter the amount in dollars. The screen shows any fee and the expected timing before you confirm.

Fees and timing

We don't quote fee or timing numbers for Polymarket US withdrawals, because they depend on the method and can change — the withdraw screen is the source of truth. What you won't have is a crypto exchange or network fee in the middle, since there's no conversion step.

Keep records for tax season

Save your withdrawal confirmations and your trade history from the app. Tax treatment for Polymarket US gains is still evolving — confirm with a CPA. See our prediction markets tax guide for the full picture.

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Frequently asked questions

How long does a Polymarket withdrawal take?

It depends on the withdrawal method. The Polymarket US app shows the expected timing on the withdraw screen before you confirm.

Is there a withdrawal fee on Polymarket?

Check the withdraw screen in the Polymarket US app — it shows any fee for the method you pick before you confirm. We don't quote a number because it can change.

What's the minimum Polymarket withdrawal?

Check the withdraw screen in the Polymarket US app for the current minimum.

Do I have to pay taxes on Polymarket winnings?

In the US, yes. Most CPAs report Polymarket P&L as ordinary income on Schedule 1. Treatment is still evolving — see our prediction markets tax guide and confirm with a tax pro.

Which withdrawal methods can I use?

Check the withdraw screen in the Polymarket US app for the methods currently offered to your account. We don't list them here because they can change.