FanDuel to Remove Credit Card Deposits Effective March 2, 2026

FanDuel (NASDAQ: FAN) will remove credit-card deposits for U.S. sports betting starting March 2, 2026, following a similar policy shift by DraftKings. The move aims to improve the deposit experience and avoid cash advance fees, which can be $10 or 3-5% of the amount, whichever is larger. The decision follows public pressure, including a February 10, 2026 letter from Sen. Elizabeth Warren (D-Mass.) urging the industry to ban credit-card use due to hidden fees and interest. FanDuel and DraftKings合计 account for over 70% of the U.S. online sports betting market, according to Casino Reports. Several states already prohibit credit-card deposits, including Massachusetts, Iowa, Tennessee, Rhode Island, Oregon, and Vermont. DraftKings banned credit cards in August 2025 after a $450,000 fine in Massachusetts for insufficient controls.