Fanatics Markets Review: FanCash Offers, Fees and the 22 States
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Broker (Morton St. Trading Investments LLC) on CDNA · Min. age 21+
Fanatics Markets: The Retailer’s Entry Into Event Contracts
Fanatics already runs a state-licensed sportsbook. Fanatics Markets is its separate, federally regulated prediction market app, and it ties trading directly to the company’s FanCash rewards currency.
The account-holding entity is Morton St. Trading Investments, LLC, which does business as Fanatics Markets and is registered with the CFTC as a futures commission merchant and a member of the National Futures Association. A related company, Paragon Global Markets, LLC, operates as Fanatics Markets IB, an introducing broker. The app itself is published on the App Store by FBG Enterprises Opco, LLC.
Fanatics Markets does not run its own exchange. Its regulatory page states that “contracts are offered by Fanatics Markets through Crypto.com | Derivatives North America,” the trading name of North American Derivatives Exchange, Inc., or Nadex, and that exchange’s rules govern every trade. Combination trades are priced through a request-for-quote process with liquidity providers.
The iPhone app launched on December 3, 2025, a little over two weeks before DraftKings and FanDuel released theirs.
Fanatics Markets Bonus: Two FanCash Offers
Fanatics Markets runs two new-customer offers, and a newcomer must choose one at registration. No promo code is required for either; the choice is made during sign-up.
Offer 1: Increasing Daily Trade Match (14 days), up to $150 in FanCash. The day’s first cash trade buying contracts priced at $0.90 or below counts as the qualifying trade. The FanCash match grows over the fortnight, and only one reward is paid per day. A missed day is forfeited, not carried forward. Registration for this offer runs from September 28 to 11:59 p.m. ET on November 15, 2026.
| Day | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FanCash match | $2.50 | $2.50 | $2.50 | $5 | $5 | $5 | $7.50 | $10 | $12.50 | $15 | $17.50 | $20 | $20 | $25 |
Offer 2: Trade $10,000, Get $500 in FanCash. Customers who register between October 26 and 11:59 p.m. ET on November 15, 2026, and trade $10,000 in cash in contracts priced at $0.70 or below within a seven-day window, receive $500 in FanCash.
| Offer detail | Daily Trade Match | Trade $10,000 |
|---|---|---|
| Maximum reward | $150 FanCash | $500 FanCash |
| Qualifying trades | Day’s first cash trade, contracts at $0.90 or below | $10,000 in cash trades, contracts at $0.70 or below |
| Time frame | 14 days | 7 days |
| Registration window | Sept 28 to Nov 15, 2026 | Oct 26 to Nov 15, 2026 |
| Promo Code | Not required; chosen at registration | Not required; chosen at registration< |