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Fanatics’s prediction-market product is Fanatics Markets. Its current website identifies Morton St. Trading Investments, LLC as a CFTC-registered futures commission merchant and NFA member, with contracts offered through Crypto.com | Derivatives North America. Identify the account, exchange and contract rather than treating the brand name as a complete description.
Reviewed November 9, 2026. This guide covers the current official documents linked below. It does not publish changing market odds or imply that every location and account can trade every category.
Current FCM documents versus older IB documents
The regulatory documents page separates its FCM documents from a section of introducing-broker documents. The current FCM customer agreement describes broker access to designated contract markets and clearing organizations; it does not make the FCM itself the operator of those venues.
The agreement also addresses a transition from direct exchange access. If you already have an account or positions, check the agreement and notices applicable to them. An older page describing an affiliate seeking registration should not be substituted for the current FCM agreement.
| Layer | What to identify |
|---|---|
| Consumer interface | The Fanatics Markets product you are viewing |
| Account agreement | The legal entity and account arrangement applicable to you |
| Exchange and clearing | The named venue and its governing rules |
| Individual contract | The exact event, outcome, deadline and settlement source |
Check where Fanatics Markets is available
Use the official Where We’re Live page, which lists supported states and territories. The current FCM agreement requires customers to be at least 21 and of legal age in their jurisdiction; other eligibility criteria also apply.
A location appearing on a product page is one check, not approval of a particular person or position. Confirm the account’s current instructions and the intended market category. Do not assume a Fanatics Sportsbook feature, promotion or availability rule carries over to Markets.
Trading fees and deposit fees are different
The FCM fee disclosure, effective September 2, 2026, specifies price-dependent trading fees from $0.00034 to $0.02 per contract. The displayed estimate can change with execution price. Fees aggregate across the order and round upward to a whole cent.
It separately describes possible fees of up to 2% for certain deposit methods and free ACH deposits. Check the actual deposit disclosure; “may charge up to” does not mean every payment incurs the maximum.
For a fictional illustration using the published $0.0034 rate at a $0.01 contract price, three contracts generate an unrounded fee of 3 × $0.0034 = $0.0102, rounded up to $0.02. Three separately charged one-contract transactions would each round to $0.01, totaling $0.03. This assumes the same applicable rate and execution price; it illustrates rounding rather than a live order or execution recommendation.
Keep trade principal, trading fees and funding costs in separate columns. Combining them into one unexplained percentage makes it harder to compare products or reconcile an actual transaction.
Read the contract rather than the headline
The product links to exchange rules and contract specifications. For any comparison, record the named event, selected outcome, expiry, resolution source and exceptional-case wording. A similar sports headline elsewhere does not prove that overtime, cancellations or postponements receive identical treatment.
For economic or crypto questions, check the measured statistic or reference price, observation time and data source. Research the precise condition that pays out rather than an adjacent news story. For a method example, see our recession-contract guide, which shows why a familiar event name can conceal a different test.
Displayed information and executable prices differ
A price chart, an order-book quote and a confirmed fill are different observations. Record the timestamp and available size, and verify filled quantity before calculating a position. Do not treat a large headline volume as proof that your intended exit will fill at the displayed price.
A fictional order for 80 contracts with 25 filled leaves 55 unfilled. Calculate exposure from confirmed fills, while separately tracking any outstanding order. If a quote changes, update both the price and fee assumptions instead of carrying the earlier estimate into the result.
For a comparison with multiple underlying exchanges and partial cash-out behavior, see our Underdog prediction-market guide.
A Fanatics Markets research worksheet
- Access: current location list, age and account eligibility.
- Documents: applicable FCM or other account agreement and notices.
- Contract: venue, exact outcome, deadline and resolution source.
- Cost: intended price, size, applicable rate and rounding.
- Funding: deposit method and any separately disclosed charge.
- Execution: timestamped quote, filled quantity and remaining order.
Compare with our DraftKings Predictions guide and prediction markets versus sports betting. Alphascope’s market news supports evidence gathering; another venue’s account rules and settlement conditions remain specific to that product.