Current great progress on potassium‐chalcogen (S, Se, Te) batteries within much potential to become promising energy storage systems opens a new avenue for the rapid development of potassium batteries as a complementary option to lithium ion batteries. The discussion mainly concentrates on recent research advances of potassium–chalcogen (S, Se, Te) batteries and their corresponding cathode materials in this review. Initially, the development of cathode materials for four types of batteries is introduced, including: potassium–sulfur (K–S), potassium–selenium (K–Se), potassium–selenium sulfide (K–SexSy), and potassium–tellurium (K–Te) batteries. Next, critical challenges for chalcogen‐based electrodes in devices operation are summarized. In addition, some pragmatic strategies are proposed as well to relieve the low electronic conductivity, large volumetric expansion, shuttle effect, and potassium dendrite growth. At last, the perspectives on designing advanced cathode materials for potassium–chalcogen batteries are provided with the goal of developing high‐performance potassium storage devices.