The disclosure provides a new cotton variety FM 2498GLT. The disclosure relates to seeds, plants, plant cells, plant tissue, harvested products and cotton lint as well as to hybrid cotton plants and seeds obtained by repeatedly crossing plants of variety FM 2498GLT with other plants. The disclosure also relates to plants of variety FM 2498 reproduced by vegetative methods, including but not limited to tissue culture of regenerable cells or tissue from cotton variety FM 2498GLT.