Black Friday and the aftermath: Online Poker Implications

[bhoywonder]

feels like poker has gone back 5 years its amazing

the prizepool is smaller but the standard is really really bad

I just won a pot in plo....good times....

[strak33]

Any idea how long full tilt to neteller will take? Been 6 hours so far.

[NoflopsHomer]

There's an excellent little interview with Ftrain (US Pokernews reporter who use to be a corporate lawyer) on Pokernews.nl explaining what exactly has happened: http://bit.ly/eGxdbC

[deepreacher]

LOL - internet poker causes child abuse and alcoholism

http://video.cnbc.com/gallery/?video=1148592712

[titaniumbean]

"cost to society of online poker $32billion"

what?

[brado]

That NBC bloke is talking out his arse. I find when i abuse children and turn to alcoholism my ev turns negative, so i try not to partake whilst playing online poker

[thetank]

LOL - internet poker causes child abuse and alcoholism

http://video.cnbc.com/gallery/?video=1148592712

MikkyT was really more of a live player.

[Ant040689]

So advice would be not to deposit on ftp or ps willingly at this stage? Also i wonder what is happening to people on AP FTP or PS that have won WSOP $12k packages, would they be GTD?

[Longy]

So advice would be not to deposit on ftp or ps willingly at this stage? Also i wonder what is happening to people on AP FTP or PS that have won WSOP $12k packages, would they be GTD?

I have seen quotes from stars honouring EPT grand final packages to non us customers. Yet with the WSOP being held in the US it might be a cloudier picture.

[bhoywonder]

where do Americans play online poker on u.s soil....what sites if any are unaffected....I mean fully operational...I.e.withdrawing and depositing...

[SuperJez]

bodog cake and merge

[littlemissC]

So advice would be not to deposit on ftp or ps willingly at this stage? Also i wonder what is happening to people on AP FTP or PS that have won WSOP $12k packages, would they be GTD?

was wondering this is it worth depositing to play sundays or not?

[TheRaise]

a take from www.makepokerlegal.com


"First off, in spite of what FTP and PS says, this does effect players beyond The USA. 76 Bank accounts have been frozen by The Feds in 14 countries world wide. Simply put, these sites cannot meet any cash out demands because these assets, along with more assets, are frozen and  will be frozen. I expect legit payment processors to ” run for cover” and distance themselves from FTP and PS. Now FTP issued a statement claiming they beleive online poker is legal, as do ” some of the best legal minds in The USA”..  Well, SO DO I!! but this is not about online poker in and of itself, but offshore sites engageing in alleged money laundering and fraud, in order to CIRCUMVENT THE UIEGA, tricking banks to  process these payments, when The UIEGA clearly states it is illegal for them to do so, WILLINGLY, KNOWLINGLY!

In my opinion, the only chance FTP and PS has to beat this case, is for their attorneys to argue that the UIEGA in and of itself is unconstitutional. The Federal Reserve is supposed to be the oversite with jurisdiction. How can a privately held institution like The Fed have this kind of authority? Also, it appears to be a violation of  “equal protection under the law” Article 9, I beleive. Why were some Sports betting and horse racing sites in The USA and abroad allowed to have their payment processors process these bets, wheras online Poker sites were not? Having said all of this, it is likely you will not see your money ever again. It will be seized by The USA GOV, just like they seize alleged Drug dealers money and possesions. I also beleive The USA will claim that the very servers themselves the sites use to run the games, were built and maintained from “illegal and illicit gains”, therefore they will seize those servers with the aid of foreign countries where the servers reside, and effective shut down FTP and PS indefinetly world wide.  I have more to say in the coming days over this issue so stay tuned!"

Is this going to affect Neteller accounts?

[strak33]

Nearly 24 hours and still processing my neteller cashout from FTP. Anyone had any success?

[MC]

Nearly 24 hours and still processing my neteller cashout from FTP. Anyone had any success?

Expecting anything within 24 hours is pretty ridic given the circumstances