Published on: February 11, 2026, 10:10 AM.

Updated on: February 11, 2026, 10:13 AM.

• FanDuel will stop accepting credit card deposits starting March 2
• DraftKings implemented a similar policy last August
• U.S. Senator Elizabeth Warren has highlighted the impact of credit card fees on bettors

In a move similar to DraftKings, FanDuel Sportsbook has announced that it will discontinue credit card deposits effective March 2.

“FanDuel has taken steps over recent months to review its payment options and has opted to eliminate credit cards for our Sportsbook, casino, and racing offerings in the United States,” the sportsbook stated. “This decision aims to enhance the deposit experience for our users.”

Burden of High Fees and Interest

The decision stems from the excessive fees and high interest rates that sports bettors incur when using credit cards for deposits, which can start amassing interest right away.

“FanDuel’s latest action means that credit card firms will no longer exploit American bettors with hidden fees in the majority of the sports betting sector. These fees could balloon to $10 just to place a $20 bet. The rest of the industry should follow suit,” stated U.S. Senator Elizabeth Warren, who serves as the Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee.

DraftKings’ Approach

Prior to Super Bowl LX, Senator Warren reached out to leading sports betting companies, requesting insights on what she categorizes as “predatory credit card betting fees that exploit American users.”

“Transactions funded via credit cards on sports betting platforms are largely classified as a ‘cash advance,’” Senator Warren elaborated. “This typically results in a single fee for each cash advance, often higher than $10 or 3-5% of the withdrawn amount.”

“Consequently, customers placing a $20 bet using a credit card could incur a $10 fee in one go. While Americans may be ready to lose money on bets, they certainly aren’t willing to lose an additional 50% in credit card fees.”

Warren’s Correspondence with Betting Firms

Senator Warren requested detailed disclosures from betting companies regarding credit card usage on their platforms.

“Many users often remain unaware of the fees and associated costs linked with credit card use, which can lead them into financial difficulties while gambling,” she noted. “Users have reported that they did not realize their credit card transactions for sports betting would be treated as cash advances, accruing extra fees and interest.”