This paper examines the metaphysical status of the fact-value entanglement. According to Hilary Putnam, among others, this is a major theme in both classical and recent pragmatism, but its relevance obviously extends beyond pragmatism scholarship. The pragmatic naturalist must make sense of the entanglement thesis within a broadly non-reductively naturalist account of reality. Two rival options for such metaphysics are discussed: values may be claimed to emerge from facts (or normativity from factuality), or fact and value may be considered continuous. (...) Thus, pragmatic naturalism about fact and value may be based on either emergentism or Peircean synechism. This is a crucial tension not only in pragmatist philosophy of value but in pragmatically naturalist metaphysics generally. (shrink)