Posted on: February 11, 2026, 10:10h.
Last updated on: February 12, 2026, 03:00h.
- FanDuel no longer accepting credit card deposits as of March 2
- DraftKings brought in the same policy last August
- U.S. Senator Elizabeth Warren has been raising the issue of bettors being hit by credit card fees
FanDuel Sportsbook is announcing today it will no longer accept deposits by credit cards beginning March 2 following in the steps of DraftKings.
“Over the last few months, FanDuel has been evaluating the payment methods that we offer to customers and made the decision to remove credit cards as an option for our Sportsbook, casino and racing product in the United States,” the sportsbook said. “This change was made to improve the deposit experience for our customers.”
Hefty Fees and High Interest
The issue comes down to high fees and high interest sports bettors pay by using credit cards to fund their accounts for bets, interest of which can start accruing immediately.
“FanDuel’s announcement means credit card companies will no longer be allowed to scam Americans with junk fees in the majority of the sports betting market. These are fees that can cost people as much as $10 to fund just a $20 bet. The rest of the industry should follow suit,” said U.S. Senator Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee.
DraftKings Policy
Senator Warren last week, before Super Bowl LX, sent a letter to major sports betting companies asking for information on what she said were, “abusive credit card betting fees that rip off Americans using sports-betting platforms.
“Credit card transactions on sports gambling platforms to fund wagers are almost always classified as a ‘cash advance,’” wrote the Senator. “In practice, credit card companies charge a one-time fee for each cash advance, typically the greater of $10 or 3-5% of the amount advanced.
“This means that customers who use their credit card to fund their account for a $20 bet would pay a $10 fee on one transaction. Americans may be prepared to lose money on a bet they make – but most are not prepared to lose an extra 50% in credit card junk fees on top of their bet.”
Senator Warren Letter to Betting Companies
In her letter, the Senator asked for detailed information from betting companies on the usage of credit cards on their platforms.
“Many users are unaware of the costs and fees associated with this type of credit card use, which can push them into financial trouble when gambling,” she wrote. “Specifically, users are reporting that they did not realize that using their credit card to place a bet on a sports gambling website would be treated as a cash advance and accrue additional fees and interest.”
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