The library is dual licensed under plain BSD [1] and GPLv2 [2].
[1] https://github.com/facebook/zstd/blob/dev/LICENSE [2] https://github.com/facebook/zstd/blob/dev/COPYING
[1] https://github.com/facebook/zstd/blob/dev/LICENSE [2] https://github.com/facebook/zstd/blob/dev/COPYING
There's still the open patent question but this (i.e. BSD license) makes it easier to decide to use it.