FanDuel declared to the public that it will cease accepting credit card deposits in the US from the 2nd of March. FanDuel Sportsbook, FanDuel Casino, and FanDuel Racing are some of the areas that will be impacted by this move as FanDuel is basically mirroring DraftKings‘ steps which made a similar move in August last year.
The use of credit cards in online gambling has been increasingly scrutinized and it is a fact that everyone knows. Senator Elizabeth Warren, who is the top-ranking Democrat on the Senate Banking Committee, recently sent a letter to FanDuel CEO Amy Howe questioning the company’s policies regarding credit card use and cautioning against the possibility of hidden fees.
FanDuel revealed its plans in a note posted on its site where it informed customers that after March 2nd, 2026, those users who are in the US will not be allowed to use credit cards for deposits on Sportsbook, FanDuel Casino, or FanDuel Racing. The prohibition of credit card use is also applicable to those cards that are connected via Venmo, PayPal, and Apple Pay whereas the use of debit cards and bank accounts is still permitted.
The sportsbook added:
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. This change was made to improve the deposit experience for our customers.
The company also mentioned that buyers will be able to get their money back from any credit card payments that have been made in the past.
Even though many sportsbooks and gaming sites still accept credit cards, the decision of FanDuel might be the first signal of a broader change in the industry. Several states like Connecticut, Illinois, Massachusetts, Vermont, and Tennessee have already banned credit card use for online gambling deposits.
In her letter, Warren cautioned that credit card gambling might be treated as a cash advance by the bank, i.e., the user will be charged for additional fees and interest, most of which will probably be a surprise to users.
Warren wrote:
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. 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.
