Ion channels are membrane integral proteins that allow controlled passage of ions through cellular membranes. Cation-selective channels play key roles in physiological processes such as control of ion homeostasis and cell volume, vesicle trafficking, neurotransmitter and hormone secretion, and electrical control of excitable tissues. Many therapeutic drugs mediate their effects by targeting cation channel proteins. Potassium-selective channels are the most genetically and functionally diverse family of cation channels. After the cloning of the first potassium-selective ion channel, Shaker from Drosophila, several hundred potassium channel genes have been identified in the human genome. The number of functionally distinct channels in native tissues is further increased by heteromultimeric coassembly of potassium channel a-subunits with other a-and b-subunits and by posttranscriptional or posttranslational modifications such as alternative splicing of mRNAs, glycosylation, sumoylation, and phosphorylation. In light of the broad range of physiological roles of K channels it is not surprising that channel impairment results in a variety of pathophysiological conditions.The following text will give an overview of molecular details and availability of potassium channel modulators and try to address their potential as anti-arrhythmic drugs.