EPTYesterday the transaction was canceled, apparently.
Feds cracking down on online poker..? - Page 10
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Pokerstars is an online poker site. Pokerstrategy is an educational training site. They are not the same site. The TSL3 is sponsored by pokerstrategy.com. | ||
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Deleted User 3420
24492 Posts
Yesterday the transaction was canceled, apparently. | ||
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ballasdontcry
Canada595 Posts
On April 16 2011 05:24 jtw1n wrote: Anyone who's freaking out move to Canada, they don't even tax income from Gambling there. this isn't quite true. the law regarding this is gray and not well established. if it's something like a "windfall" profit like lucking from a slots machine jackpot or whatever, it's not taxable, but if you're playing poker professionally (as in it makes up a large portion of your income every year), you may have to pay taxes. there's a big thread on twoplustwo about this. however, in the UK, this is totally true I think. | ||
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Slithe
United States985 Posts
On April 16 2011 05:25 travis wrote: Get this. My buddy cashed a pokerstars check for $1500 8 days ago. It showed the $1500 as processing to be added to his account. Yesterday the transaction was canceled, apparently. So the check just vaporized? This is fucking ridiculous. | ||
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InEyea
Switzerland15 Posts
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Xife
224 Posts
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xSixGeneralHan
United States528 Posts
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thebigdonkey
United States354 Posts
On April 16 2011 05:21 GinDo wrote: Who keeps the money at the end? The U.S? -_- so this is how they solve our financial problems Not really. This is like throwing an H2O molecule into an empty pool. Not gonna make a splash at all. This does smell a little funny though. They obviously had to know how many people were going to be affected. | ||
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Modafinil
United States35 Posts
On April 16 2011 05:07 contraSol wrote: Yes, I've paid taxes on the money I made, which is ironic, considering taxpayer money is now being used to finance the investigation of my source of income and the seizure of funds I would have paid taxes on. Makes perfect sense. Theoretically, I could be playing in Vegas, but there are two problems with that. First, I can't 12-table vegas poker. That's a difference between 1000 hands per hour and 25 hands per hour. It means my winrate would have to be 40 times as high, which is impossible, and that the variance I'll experience will be absurd. Sure, a 20k hand downswing sucks when you play 20k hands in a couple of weeks, but I can't begin to imagine it over a year. Second, I'm a college student in Denver. I play poker to pay tuition and expenses, and do not have the time to play the epic number of hours at a live table in order to scrape by. @US Attorney, we're coming at this issue from two different sides. You're taking the purely legal route, while I'm taking the idealistic-pissed-off-at-what-I-see-as-injustice perspective. I know the government has a legal right to seize these funds. That's why I'm pissed; I have no recourse. And I'm still of the belief that you're completely ignorant as to what it takes to turn poker into a profitable enterprise. Oh, trust me, I know. I never played "professionally", but I got some pocket money during school playing on Partypoker in 2005. I had a friend living on my couch trying to play professionally; he also quit that when Partypoker decided that US players weren't worth the risk after UIGEA. As it turns out, Partypoker was right. I still have friends who were multitabling on the side of their real jobs for extra income, or just something else to do during EvE/WoW/whatever. I know how many hands per hour you can get playing online at 10+ tables versus playing IRL. | ||
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Aus.Force
Australia1278 Posts
On April 16 2011 05:13 Zerokaiser wrote:Yes, it's bullshit that online poker is illegal in the United States. However, it was and is illegal and the aforementioned poker sites know that. They're the ones that have brought this upon all their customers. The sites aren't technically run from the United States. It is the American Citizens gambling from their own homes that is a problem. The rest of the civilized world isn't that petty though. The US's idea of freedom baffles me quite a lot. | ||
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Gryffes
United Kingdom763 Posts
On April 16 2011 05:25 travis wrote: Get this. My buddy cashed a pokerstars check for $1500 8 days ago. It showed the $1500 as processing to be added to his account. Yesterday the transaction was canceled, apparently. That isn't particularly uncommon, when it happens stars/ftp normally just send another cheque. | ||
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Deleted User 3420
24492 Posts
On April 16 2011 05:29 Luckbox wrote: That isn't particularly uncommon, when it happens stars/ftp normally just send another cheque. I've never heard of this happening, and both he and I have cashed out a shitload of checks from stars. | ||
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Jonoman92
United States9110 Posts
What the US is doing is just so morally wrong. Anyone know if Cake Poker is/will be seriously affected? | ||
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AKspartan
United States126 Posts
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waxypants
United States479 Posts
 . On the bright side, I only actually invested like $150 originally. | ||
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Ympulse
United States287 Posts
Also, this isn't the first time online gambling has been shut down due to money laundering. You'd think people would learn from their history. | ||
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Gryffes
United Kingdom763 Posts
On April 16 2011 05:30 travis wrote: I've never heard of this happening, and both he and I have cashed out a shitload of checks from stars. Check the zoo out on 2p2, it happens many times a week. | ||
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relyt
United States1073 Posts
http://www.businessinsider.com/boy-genius-online-poker-scandal-2011-4 | ||
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Deleted User 3420
24492 Posts
On April 16 2011 05:33 Ympulse wrote: I loled at how many people actually think gambling is a sustainable income source. I lol at how ignorant you are. On April 16 2011 05:33 Luckbox wrote: Check the zoo out on 2p2, it happens many times a week. ah. I suppose I am lucky it never happened to me then. also I seem to have had pretty good timing with quitting poker. | ||
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AKspartan
United States126 Posts
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j0k3r
United States577 Posts
On April 16 2011 05:25 travis wrote: Get this. My buddy cashed a pokerstars check for $1500 8 days ago. It showed the $1500 as processing to be added to his account. Yesterday the transaction was canceled, apparently. If pokerstars' bank is outside of the U.S. I can't really see the DOJ having the authority to freeze that transaction, although they may have issued a notice to every U.S. bank not to accept further transactions from said foreign bank. | ||
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