Fanatics Markets review 2026: Is it legit?

Q: Is Fanatics Markets legit?

Yes. It's owned by Fanatics, the sports merchandise giant that also runs Fanatics Sportsbook. The operating company, Morton St. Trading Investments, LLC, is registered with the CFTC as a futures commission merchant and belongs to the NFA. Trades go through Crypto.com | Derivatives North America, an exchange overseen by the CFTC.

Q: Is Fanatics Markets the same as Fanatics Sportsbook?

No, although they now share the Fanatics Sports & Casino app. Fanatics Markets is a CFTC-regulated prediction market where you trade contracts with other users. Fanatics Sportsbook is state-licensed sports betting against the house. They're live in different states, and the app shows whichever one is available where you are.

Q: What's the difference between a "Yes" and "No" contract?

Each market lets you buy a "Yes" or "No" contract on whether an event will happen. If you buy "Yes" and the event occurs, your contract settles at $1; if it doesn't, it settles at $0. Contract prices between $0.01 and $0.99 reflect the market's current implied probability of that outcome.

Q: Can I sell a Fanatics Markets contract before it settles?

Yes, as long as another trader will buy at your price, and limit orders let you set that price. Fanatics doesn't support partial sells, so you close the whole position at once.

Q: Do I have to pay taxes on Fanatics Markets winnings?

Generally, yes. Trading gains on prediction market platforms are typically considered taxable income in the US. Fanatics Markets isn't a tax authority, so confirm your specific reporting obligations with a tax professional. Fanatics' promotional terms also say FanCash may count as income.

Chris Jonat

Content Manager

Fanatics Markets is a prediction market regulated by the CFTC, so you trade event contracts with other users rather than betting against a sportsbook. This review covers the markets, costs, banking, and app in detail.

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Alternatives to Fanatics Markets

1Polymarket

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2ProphetX

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Unlock a $40 trading bonus after making $40 in trades. Use the ProphetX promo code CORG to qualify. Learn more in our ProphetX review.

3OG.com

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Quick facts: Fanatics Markets review

🏛️ Parent company	Fanatics. Contracts listed on Crypto.com \| Derivatives North America
📍 Launched	December 2025
🏢 Headquarters	New York, NY
🤝 Regulator	CFTC-registered futures commission merchant and NFA member (Morton St. Trading Investments, LLC)
🌐 Platform type	Peer-to-peer prediction market exchange
🎁 Welcome bonus	Up to $150 in FanCash (14-day daily trade match, sign up by Nov 15, 2026)
⌨️ Promo code	No code needed. Select the daily trade match when you register
💲 Minimum first deposit	$10 (wire deposits require $1,000+)
💰 Minimum withdrawal	$10 (wire withdrawals require $10,000+)
💸 Trading fees	$0.00034 to $0.02 per contract, depending on price
💳 Deposit methods	Debit card, Apple Pay, ACH bank transfer, wire
🏧 Withdrawal methods	ACH bank transfer, debit card or wire ($10,000+). Apple Pay is deposit-only.
⏱ Payout speed	Up to 72 hours for ACH and debit card
📱 Mobile app availability	iOS and Android
⚽ Live/in-event trading	Yes
👍 Legal age	21+
🧑‍💻 Customer support channels	Support Center contact form and email

My take on Fanatics Markets

Chris Jonat, Content Manager

"Anyone coming from Fanatics Sportsbook will settle in fast, especially now that both products sit in the same app. The welcome offer is one of the larger ones in prediction markets, worth as much as $150 in FanCash across your first fortnight. The catch is that it's paid in small daily amounts, so it rewards regular traders more than one-off visitors."

Pros

No contract caps, position size is driven by liquidity, not a fixed house cap
Strong sports depth, futures, player props, and stat markets go beyond win/lose outcomes
Regulated setup, a CFTC-registered futures commission merchant and NFA member
Familiar interface, carries over Fanatics Sportsbook's clean design, so the learning curve is short

Cons

Per-contract fees, the cost bites harder on smaller trades and quick flips
No partial sells, exiting early means selling your entire position at once

Fanatics Markets is a solid pick if you want a sportsbook-familiar interface backed by real regulatory footing. The trade-offs are the fee structure and limited flexibility on exits, so it suits traders who plan to hold positions rather than trade in and out quickly.

What is Fanatics Markets?

Fanatics Markets is one of many real-money prediction markets where you buy and sell contracts tied to the outcome of future events, from sports and elections to interest rate decisions and pop culture moments. Most contracts trade between 1¢ and 99¢, and since October 2026, some markets move in 0.1¢ steps near either end based on where traders collectively think the odds sit, so a contract priced at $0.60 reflects roughly 60% implied probability.Every trade on the platform is peer-to-peer. You're never betting against the house; there's always another trader on the other side of your position. Crypto.com supplies the regulated exchange and clearing infrastructure behind the scenes, which is what lets Fanatics list and settle contracts at scale without building that plumbing from scratch.Fanatics fast-tracked its move into prediction markets in July 2025, when it took a stake in Paragon Global Markets, an introducing broker registered with the CFTC. Crypto.com was named its exchange partner four months later. The platform launched across 10 states in December 2025 and was in 24 before the month was out. Washington and Wisconsin have since been removed, and during 2026 Fanatics shifted accounts to its own futures commission merchant, Morton St. Trading Investments, LLC.

Fanatics Markets welcome bonus

New users get up to $150 in FanCash through a 14-day daily trade match. Each day, Fanatics matches your first cash trade in FanCash. The daily cap starts at $2.50 and climbs to $25 by Day 14. Only trades on contracts priced at $0.90 or below count, and each FanCash award expires 7 days after it's issued.There's no code to enter. You select the trade match when you register, and you need to finish verification. You also need to be 21 or older and in an eligible state. For the day-by-day caps and full terms, see our Fanatics Markets promo code page.

Plan your 14 days

"This isn't a one-and-done bonus. The caps are small at first, just $2.50 a day for the first three days, and most of the value lands in week two. If you can't trade on most of those 14 days, you'll leave a big chunk of the $150 on the table."

Chris Jonat

Content Manager

Is Fanatics Markets legal in the US?

Yes. Instead of state gambling licenses, Fanatics Markets answers to a federal regulator, the CFTC. The operating company, Morton St. Trading Investments, LLC, holds CFTC registration as a futures commission merchant and is an NFA member, which allows it to keep customer money itself. Your orders are matched on Crypto.com's regulated derivatives exchange, Crypto.com | Derivatives North America.Federal regulation is the reason Fanatics Markets can operate in California and Texas, where sports betting is still illegal. It also explains the split with Fanatics Sportsbook: the two never run in the same state, so you'll have access to one or the other, not both.

Fanatics Markets regulatory and launch timeline

Fanatics Markets currently operates in 22 states. West: Alaska, California, Hawaii, Idaho, New Mexico, Oregon and Utah. South: Alabama, Florida, Georgia, Mississippi, Oklahoma, South Carolina and Texas. Midwest: Minnesota, Nebraska, North Dakota and South Dakota. East Coast: Delaware, Maine, New Hampshire and Rhode Island. It's also open in four territories: American Samoa, Guam, Puerto Rico and the US Virgin Islands. Washington and Wisconsin launched with the platform but have since been switched off, so check the app from your location before you register.

Sep 2026

Fanatics Markets becomes a full FCM

Customer accounts move to Fanatics' own futures commission merchant.

Jul 27, 2026

Fanatics strikes a deal with BGC Group

It agrees to acquire a regulated exchange and clearinghouse, which would let it run its own contracts.

Mar 2026

NFA approves Fanatics as a futures commission merchant

Morton St. Trading Investments, LLC is cleared to hold customer funds.

Dec 3, 2025

Fanatics Markets launches in 10 states

The platform goes live with sports and non-sports contracts priced between $0 and $1.

Nov 20, 2025

Crypto.com partnership confirmed

Fanatics confirms Crypto.com as its infrastructure partner, providing the regulated exchange and clearing layer behind Fanatics Markets.

July 2025

Fanatics acquires Paragon Global Markets

The acquisition gives Fanatics a CFTC-registered Introducing Broker and NFA membership, establishing its regulatory foundation ahead of launch.

Check state availability for sports contracts

"Sports contracts can be limited or unavailable in some of these locations, and Fanatics' list has already shrunk once. Open the app from your own state and check the markets you want before you deposit."

Chris Jonat

Content Manager

Fanatics Markets key features

Two things stand out about Fanatics Markets: how closely it mirrors the Fanatics Sportsbook interface, and how deep its sports-specific markets run compared to most prediction market platforms.

Impressive sports depth

"The sports prediction markets here are a real differentiator. You're not just picking game winners; there are futures, player props, and stat-based markets that give sports-savvy traders more ways to express an opinion than most competitors offer."

Chris Jonat

Content Manager

Markets offered

Sports carry the platform right now. You can trade on all the major US leagues plus coverage of tennis, golf, combat sports, motor racing and esports, along with less common options such as chess, sailing and table tennis, with markets ranging from game winners and spreads to season-long futures and player stat lines. A live section lets you trade on games already in progress. You can also build Combos of as many as 15 legs.The non-sports side is much fuller than at launch. There are dedicated Politics, Economy, Culture, Crypto, and Companies tabs, with markets on topics like Federal Reserve decisions, the 2028 presidential primaries, and reality TV results. Sports still account for most trading, though. For a deeper non-sports catalog, consider Crypto.com Predict.

Fees and trading costs

Fanatics charges a single total trading fee on every contract you buy or sell, ranging from $0.00034 to $0.02 per contract under the fee schedule effective September 2, 2026. The fee runs highest on contracts priced near $0.50 and lowest at the extremes, near $0.01 or $0.99. Order totals round up to the next whole cent, so even a single-contract trade can carry a $0.01 minimum fee.

Contract price	Fee (1 contract)	Fee (100 contracts)
$0.01	$0.0034	$0.34
$0.10	$0.016	$1.60
$0.20–$0.80	$0.02	$2.00
$0.90	$0.016	$1.60
$0.99	$0.0064	$0.64

The fee plateaus at $0.02 per contract across the entire $0.20 to $0.80 price band, which covers most actively traded markets. Fanatics can also reduce or waive the fee to $0.00 as part of a specific promotion, per its published terms.

How Fanatics Markets compares

Here's how Fanatics Markets stacks up against a few other prediction market platforms on welcome offers and fee structure.

Platform	Welcome bonus	Min. deposit	Fee model
Fanatics Markets	Up to $150 FanCash, matched daily for 14 days	$10	Flat per-contract fee (max $0.02)
Polymarket	$25 trading bonus (code CORG)	$10	Varying trading fees by market up to 7% in crypto contracts
ProphetX	$40 trading bonus (code CORG)	$10 ($40 in trades to qualify)	Peer-to-peer, market-set pricing
OG.com	Trade $25, get $50	$10 ($25 trade to qualify)	Flat 2% trading fee

Fanatics Markets deposits and withdrawals

Fanatics Markets runs on standard fiat payment rails rather than crypto, so your funding method affects both what you pay to deposit and how smoothly you can withdraw later.

Debit card (Visa and Mastercard): Fast, but carries up to a 2% fee. $10 minimum deposit.
Apple Pay: Same up to 2% fee as debit, with a $10 minimum deposit. Available in the app and, since November 2026, on the website.
ACH bank transfer: No deposit fee, the cleanest option if you want to avoid card-style costs.
Wire transfer: No added platform fee, but not available below $1,000, and your bank may charge its own wire fee.

You can withdraw to your bank by ACH or to a debit card, with no Fanatics fee. Apple Pay can only be used to deposit. The minimum withdrawal is $10, though wire withdrawals specifically require at least $10,000. Fanatics hasn't published a fixed processing-time schedule for Markets withdrawals, so confirm current timing in the app before you rely on it.

Pick your withdrawal method in advance

"Think about your withdrawal method before you deposit, not just what gets money in fastest. On Fanatics, that choice can matter more than the fee you pay on the way in, since deposits and withdrawals are tied to the same method."

Chris Jonat

Content Manager

Fanatics Markets mobile app

Fanatics folded Markets into its Fanatics Sports & Casino app in September 2026, so it now shares a home with the sportsbook. Which product loads depends on your location, and in a Markets state you'll go straight to the prediction markets.

iOS app

Fanatics Markets holds a 4.6/5 rating on the App Store from 730+ ratings, with an app size of 212 MB. Reviewers generally point to the familiar Fanatics-style interface as an easy entry point for anyone who has used the Sportsbook app before.

Android app

On Google Play, Fanatics Markets: Trade Sports sits at 3.7 stars from 90+ reviews, with more than 50,000 downloads. It carries an Adults Only 18+ content rating, in line with its real-money trading model.

App design

Navigation follows a league strip across the top (NBA, CFB, EPL, NHL, CBB, and others); pick a sport, and you land on a matchup feed showing each game's default Winner, Spread, and Total markets. Opening a game brings up a price chart with 1D/1W/1M/All filters, and the order ticket surfaces quick-add buttons and an "Important Information" callout reminding you that partial sells aren't supported. Liquidity isn't shown on the main market view; you have to open the order book from inside the ticket to see bid/ask depth. If you're interested in a platform that's known for deep sports markets, check out our Underdog review. It mixes sports event contracts with Daily Fantasy Sports.

Recent app improvements

Fanatics added combo markets ahead of the 2026 NBA playoffs in April, letting users link multiple contracts into a single position for a potentially larger payout.

Great app experience

"The app experience is one of Fanatics' real strengths here. It's sportsbook-familiar and easy to use, which matters if you're coming from Fanatics Sportsbook and don't want to relearn a new interface from scratch. Sports are still the focus, but economy, politics, and entertainment markets now sit alongside them, so non-sports traders have more to work with than at launch."

Chris Jonat

Content Manager

Fanatics Markets security and licensing

The business behind Fanatics Markets is Morton St. Trading Investments, LLC. It's registered with the CFTC as a futures commission merchant, belongs to the NFA, and keeps customer funds in-house. Contracts are listed and cleared on Crypto.com | Derivatives North America, which operates as both a regulated exchange and a clearinghouse.Because all trades run peer-to-peer through that regulated exchange layer, every position you open is matched against another trader rather than a house line. That structure is part of what separates a prediction market platform like this from a traditional sportsbook.

Regulatory path matters

"The regulatory path here matters more than it might seem at first glance. Building on an existing CFTC-registered broker instead of starting from zero is what let Fanatics move from rumor to live product in a matter of months. Becoming its own futures commission merchant in 2026 took that a step further, because Fanatics no longer relies on a third party to hold traders' money."

Chris Jonat

Content Manager

Fanatics Markets customer service

Fanatics Markets offers support through the following channels. Response times and availability can vary, so confirm current details in the app.

Support Center (support.fanaticsmarkets.com): help articles plus a contact form
Email support at support@fanaticsmarkets.com

Fanatics also builds in responsible trading tools you can reach through the same support channels, including deposit limits, session time limits, timeouts from 3 to 365 days, and self-exclusion with a minimum one-year term. This puts the platform on par with DraftKings Predictions and other top platforms when it comes to responsible gambling. For help with problem trading, Fanatics points customers to Birches Health at (833) 483-3838.

Fanatics Markets in the news

Keep up with Fanatics Markets whenever it appears in the news.

Nov 5, 2026

Apple Pay deposits arrive on web

Traders can now fund accounts with Apple Pay on the Fanatics Markets website.

Oct 29, 2026

Sub-penny pricing and 15-leg Combos

Contracts priced near 1¢ or 99¢ can now move a tenth of a cent at a time, and Combos stretch to 15 legs.

Sep 28, 2026

$150 FanCash welcome offer launches

New users get a 14-day daily trade match.

Sep 2026

Markets joins the Fanatics Sports & Casino app

One app now covers Markets and Sportsbook.

Apr 16, 2026

Fanatics Markets introduces combos

The update lets users link multiple contracts into a single position ahead of the NBA playoffs, for a potentially larger payout.

Dec 3, 2025

Fanatics Markets officially launches

The platform goes live in 10 states with $0 to $1 contracts across sports and non-sports categories.

Our verdict

Fanatics Markets is a solid option if you want a sportsbook-familiar app backed by full federal registration, especially if you mostly trade sports and are happy to hold positions to settlement. The up to $150 FanCash welcome offer adds real value, as long as you trade most days in your first two weeks. On the downside, per-contract fees eat into small, frequent trades, and you can't sell part of a position to lock in some profit.

Overall rating: 3.8/5 ⭐️⭐️⭐️⭐️

Fanatics Markets FAQs

Is Fanatics Markets legit?

Is Fanatics Markets the same as Fanatics Sportsbook?

What's the difference between a "Yes" and "No" contract?

Can I sell a Fanatics Markets contract before it settles?

Do I have to pay taxes on Fanatics Markets winnings?

Chris Jonat

Content Manager

Chris has been working in iGaming for 15 years. He has previously worked on online casinos, sportsbooks, iPoker, and the crypto industry, all of which help inform his expert coverage of the emerging prediction markets scene. We may earn a small commission from some links, but Chris's trustworthy insights are always impartial, helping you make the best decision.

Fact-checked by Alexander Korsager

Chief Gaming Officer at Casino.org

As a fact-checker, and our Chief Gaming Officer, Alex Korsager verifies all prediction market details on this page. He manually compares our pages with the prediction app, and if anything is unclear, he contacts the operator. In short, Alex ensures you can make an informed and accurate decision.