Home › Polymarket vs Fanatics Markets
Facts checked September 24, 2026 against each platform's own pages, filings and news reports · numbered sources below
Fanatics Markets launched on December 3, 2025 with contracts from Crypto.com | Derivatives North America [1]. It now runs through Fanatics' own futures commission merchant, Morton St Trading Investments, LLC, is available in 22 states and four territories to users aged 21 and over, and charges $0.00034 to $0.02 per contract [2][3][4]. Polymarket serves US residents through Polymarket US, its own CFTC-regulated exchange [5].
| Polymarket | Fanatics Markets | |
|---|---|---|
| Who runs it | Two products: the international Polymarket.com, and Polymarket US, operated by QCX LLC [6][7] | Morton St Trading Investments, LLC d/b/a Fanatics Markets FCM, a CFTC-registered futures commission merchant and NFA member owned by Fanatics Holdings; at launch it used the introducing broker Paragon Global Markets [19][20] |
| Regulation | Polymarket.com says it is not regulated by the CFTC; Polymarket US is a CFTC designated contract market and clearing organization [6][5] | Offers contracts through Crypto.com | Derivatives North America as a direct clearing member; an affiliated market maker may take the other side of customer orders; Fanatics bought a CFTC-registered exchange and clearinghouse from BGC in August 2026 [19][21][22] |
| Who can use it | Polymarket.com is blocked in 39 countries, including the US, UK, France and Germany; US residents use the separate Polymarket US app (18+, identity check) [8][9][7] | 21 and older and physically in a service area: 22 states (including California, Florida, Georgia and Texas) and four US territories [3][23][2] |
| Money | Polymarket.com: pUSD, a token backed 1:1 by USDC on Polygon; Polymarket US: US dollars [10][5] | US-based individual retail customers only; customer collateral is deposited with the exchange's clearinghouse [19] |
| Trading fees | Polymarket.com: takers pay shares x rate x p x (1-p), with a rate from 0 (geopolitics) to 0.07 (crypto); Polymarket US: takers pay 0.0695 x contracts x p x (1-p) and makers get a rebate [11][12] | A total trading fee of $0.00034 to $0.02 per contract, generally highest near $0.50 and rounded up to the next cent per order [4] |
| Deposits and withdrawals | Polymarket.com: crypto deposits from several chains, no Polymarket fee; Polymarket US: card or ACH up to $50,000 a day, wire from $1,000, free withdrawals [13][11][14][15] | ACH free; debit card, Apple Pay, PayPal and Venmo up to 2%; withdrawals to a payment method free; wires only from $1,000 in and $10,000 out [4] |
| Limits | Polymarket US sets no trading size limits [16] | Position limits under CFTC and exchange rules; the firm can close positions that breach them [3] |
| Markets | Politics, sports, crypto, economics, culture, weather, tech and more [5][11] | Sports (NBA, college basketball, NFL, NHL, college football, MLB), elections and finance; combos priced by request for quote [23][24] |
| How markets settle | Polymarket.com: UMA optimistic oracle with a 2-hour challenge window and a UMA vote on disputes; Polymarket US: the exchange applies each market's listed sources [17][18] | The third-party source named in the exchange's rules decides; winners receive $1.00 per contract, and contracts are fully collateralized [25] |
All current prices: Polymarket odds today · fees on a real order: Polymarket fee calculator · where Polymarket is available
Its fee disclosure effective September 2, 2026 lists a total trading fee of $0.00034 to $0.02 per contract, generally highest for contracts near $0.50 and rounded up to the next whole cent per order; ACH deposits are free and card or wallet deposits can cost up to 2%. [4]
Fanatics said on September 2, 2026 that Fanatics Markets is available in 22 states and four territories; the App Store listing names states including California, Florida, Georgia and Texas. Users must be 21 or older and physically in a service area. [2][23][3]
Its FCM discloses that an affiliate, Morton St. Market Maker, LLC, may act as a market maker on the exchanges where customer orders execute and may take the other side of customer orders. [19]
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