FanDuel has announced that it will stop offering credit card deposits from March 2, 2026, affecting the users of FanDuel Sportsbook, FanDuel Casino, and FanDuel Racing. The operator’s decision is connected to recent criticism over credit card use in online gambling, as Senator Elizabeth Warren sent a letter to FanDuel CEO Amy Howe to request information about the company’s policies on credit cards and note the risks of hidden fees. 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.” FanDuel responded: “Starting March 2, 2026, FanDuel will no longer offer US credit card deposits on Sportsbook, Casino, and FanDuel Racing. This includes credit cards connected through Venmo, PayPal, and Apple Pay. You can connect your debit card or bank account instead. Over the last few months, FanDuel has been evaluating the payment methods that we offer to customers and has made the decision to remove credit cards as an option for our Sportsbook, Casino, and Racing products in the United States. This change was made to improve the deposit experience for our customers.” FanDuel added that customers who have placed any credit card deposits can request refunds. With a degree in politics & governance, research and writing has always been a strong side of mine. With AffPapa, I use my skills to present to the reader the latest news, articles, as well as interviews with industry representatives from the iGaming sphere in the most exciting but at the same time informative manner. Join our Newsletter! Receive weekly news updates straight to your inbox. Subscribe Two men from Connecticut have been charged by federal prosecutors with fraud and identity theft to steal money from FanDuel and other gambling platforms.Amitoj Kapoor and… FanDuel and DraftKings are planning to offer Super Bowl parlays after CME Group filed to list multi-leg “Pro Football Championship Combo” contracts with the Commodity Futures…
Key Impact:
- Margins Under Pressure: Online operators, particularly those with high UK exposure like Entain and Flutter, face a material hit to profitability. Estimates suggest affordability checks alone will carve out around £181 million annually from gross gambling yield.
- Compliance Cost Surge: The GOV.UK consultation documents highlight that advertising restrictions and stake limits are inflating operating costs by 20-30% in the current environment.
- Investor Response: Private equity is reportedly flowing towards efficiency plays and responsible gaming technology, which can deliver margin improvements of 5-10% to offset the tax burden.
