• Log InLog In
  • Register
Liquid`
Team Liquid Liquipedia
EDT 05:37
CEST 11:37
KST 18:37
  • Home
  • Forum
  • Calendar
  • Streams
  • Liquipedia
  • Features
  • Store
  • EPT
  • TL+
  • StarCraft 2
  • Brood War
  • Smash
  • Heroes
  • Counter-Strike
  • Overwatch
  • Liquibet
  • Fantasy StarCraft
  • TLPD
  • StarCraft 2
  • Brood War
  • Blogs
Forum Sidebar
Events/Features
News
Featured News
[ASL19] Finals Recap: Standing Tall10HomeStory Cup 27 - Info & Preview18Classic wins Code S Season 2 (2025)16Code S RO4 & Finals Preview: herO, Rogue, Classic, GuMiho0TL Team Map Contest #5: Presented by Monster Energy6
Community News
Firefly given lifetime ban by ESIC following match-fixing investigation5$25,000 Streamerzone StarCraft Pro Series announced4Weekly Cups (June 30 - July 6): Classic Doubles6[BSL20] Non-Korean Championship 4x BSL + 4x China9Flash Announces Hiatus From ASL66
StarCraft 2
General
Weekly Cups (June 30 - July 6): Classic Doubles The SCII GOAT: A statistical Evaluation The GOAT ranking of GOAT rankings Firefly given lifetime ban by ESIC following match-fixing investigation Jim claims he and Firefly were involved in match-fixing
Tourneys
$25,000 Streamerzone StarCraft Pro Series announced FEL Cracov 2025 (July 27) - $8000 live event Sparkling Tuna Cup - Weekly Open Tournament RSL: Revival, a new crowdfunded tournament series WardiTV Mondays
Strategy
How did i lose this ZvP, whats the proper response Simple Questions Simple Answers
Custom Maps
[UMS] Zillion Zerglings
External Content
Mutation # 481 Fear and Lava Mutation # 480 Moths to the Flame Mutation # 479 Worn Out Welcome Mutation # 478 Instant Karma
Brood War
General
[G] Progamer Settings i aint gon lie to u bruh... ASL20 Preliminary Maps BGH Auto Balance -> http://bghmmr.eu/ [ASL19] Finals Recap: Standing Tall
Tourneys
[BSL20] Non-Korean Championship 4x BSL + 4x China [BSL20] Grand Finals - Sunday 20:00 CET CSL Xiamen International Invitational The Casual Games of the Week Thread
Strategy
Simple Questions, Simple Answers I am doing this better than progamers do.
Other Games
General Games
Stormgate/Frost Giant Megathread Nintendo Switch Thread Path of Exile What do you want from future RTS games? Beyond All Reason
Dota 2
Official 'what is Dota anymore' discussion
League of Legends
Heroes of the Storm
Simple Questions, Simple Answers Heroes of the Storm 2.0
Hearthstone
Heroes of StarCraft mini-set
TL Mafia
TL Mafia Community Thread Vanilla Mini Mafia
Community
General
Things Aren’t Peaceful in Palestine US Politics Mega-thread Summer Games Done Quick 2025! Russo-Ukrainian War Thread Stop Killing Games - European Citizens Initiative
Fan Clubs
SKT1 Classic Fan Club! Maru Fan Club
Media & Entertainment
Anime Discussion Thread [Manga] One Piece [\m/] Heavy Metal Thread
Sports
2024 - 2025 Football Thread Formula 1 Discussion NBA General Discussion TeamLiquid Health and Fitness Initiative For 2023 NHL Playoffs 2024
World Cup 2022
Tech Support
Computer Build, Upgrade & Buying Resource Thread
TL Community
The Automated Ban List
Blogs
momentary artworks from des…
tankgirl
Culture Clash in Video Games…
TrAiDoS
from making sc maps to makin…
Husyelt
StarCraft improvement
iopq
Customize Sidebar...

Website Feedback

Closed Threads



Active: 535 users

Feds cracking down on online poker..? - Page 15

Forum Index > General Forum
Post a Reply
Prev 1 13 14 15 16 17 38 Next All
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.
Jibba
Profile Blog Joined October 2007
United States22883 Posts
Last Edited: 2011-04-15 22:01:17
April 15 2011 21:59 GMT
#281
On April 16 2011 06:43 Soap wrote:
Doesn't help that there are conservative officials that would prefer gambling to be evicted from the world, but the real difficulty is the same as always, the people who are in good faith and just want to play some games are silent.

If they could get a cut, there'd be no qualms about it.

I know people here are extremely invested in poker, but a lot of you would be cheering for the DoJ if it had been one of the other multi-billion dollar companies abusing loopholes and using offshore bank accounts. A dirty business got caught. Some of you are starting to sound like hardcore libertarians, especially the Europeans. :x
ModeratorNow I'm distant, dark in this anthrobeat
relyt
Profile Blog Joined November 2010
United States1073 Posts
April 15 2011 22:01 GMT
#282
On April 16 2011 06:59 Jibba wrote:
Show nested quote +
On April 16 2011 06:43 Soap wrote:
Doesn't help that there are conservative officials that would prefer gambling to be evicted from the world, but the real difficulty is the same as always, the people who are in good faith and just want to play some games are silent.

If they could get a cut, there'd be no qualms about it.

I know people here are extremely invested in poker, but a lot of you would be cheering for the DoJ if it had been one of the other multi-billion dollar companies abusing loopholes and using offshore bank accounts. A dirty business got caught.

Yeah, I can't speak for everyone but I am not angry about the fact that they got caught doing illegal things. I am angry that we cant play online poker without having to jump through hoops and break other laws.
Ingenol
Profile Blog Joined November 2008
United States1328 Posts
Last Edited: 2011-04-15 22:02:52
April 15 2011 22:02 GMT
#283
On April 16 2011 06:59 Jibba wrote:
Show nested quote +
On April 16 2011 06:43 Soap wrote:
Doesn't help that there are conservative officials that would prefer gambling to be evicted from the world, but the real difficulty is the same as always, the people who are in good faith and just want to play some games are silent.

If they could get a cut, there'd be no qualms about it.

I know people here are extremely invested in poker, but a lot of you would be cheering for the DoJ if it had been one of the other multi-billion dollar companies abusing loopholes and using offshore bank accounts. A dirty business got caught. Some of you are starting to sound like hardcore libertarians, especially the Europeans. :x

Loopholes can only be abused if they exist. Why not let people decide on their own how to spend their hard-earned money?

Disclaimer: I'm a hardcore libertarian. Edited for grammar.
Modafinil
Profile Joined May 2010
United States35 Posts
Last Edited: 2011-04-15 22:06:09
April 15 2011 22:02 GMT
#284
I think you guys thinking that the government could just legalize and tax online gambling are forgetting that plenty of American Christians think that gambling is a horrible sin and should be illegal. And plenty of non-Christians think it's socially destructive and want it banned regardless of religious reasons.

There isn't really a lot of support for fully legalized online gambling in America. Maybe 50/50 at best. Kind of like weed.

Actually, it's worse than I thought. Looks like in Washington state a poll was 85/15 against online gambling. In Iowa a poll went 73/27 against online gambling.

The fact is that most people don't share our view and the government has enacted laws to reflect that. It is unfortunate but it is how democracy works, and the Constitution isn't going to come protect your right to gamble.
Slithe
Profile Blog Joined February 2007
United States985 Posts
April 15 2011 22:03 GMT
#285
On April 16 2011 06:59 Jibba wrote:
Show nested quote +
On April 16 2011 06:43 Soap wrote:
Doesn't help that there are conservative officials that would prefer gambling to be evicted from the world, but the real difficulty is the same as always, the people who are in good faith and just want to play some games are silent.

If they could get a cut, there'd be no qualms about it.

I know people here are extremely invested in poker, but a lot of you would be cheering for the DoJ if it had been one of the other multi-billion dollar companies abusing loopholes and using offshore bank accounts. A dirty business got caught.


Yea it's true that the business was playing dirty, and they were wrong in doing so. It just sucks because the reason they did it in the first place was to get around a dirty law. Two wrongs don't make a right, but the government cast the first stone so I'm going to point my middle finger in their direction.
Jochan
Profile Blog Joined July 2010
Poland1730 Posts
April 15 2011 22:03 GMT
#286
On April 16 2011 06:55 SonuvBob wrote:
Show nested quote +
On April 16 2011 06:43 Jochan wrote:
On April 16 2011 06:36 SonuvBob wrote:
On April 16 2011 05:52 Modafinil wrote:
On April 16 2011 05:36 SonuvBob wrote:
I guess the main question is whether the US can seize (seems very unlikely) or tie up money in non-US accounts. If not, then non-US players probably don't have much to worry about. I imagine the only money the sites have in US accounts is for their weird payment processing setup.

I think US players are only completely screwed if the sites don't have enough left over after the $3 billion lawsuit. I can't find much info on that, but it's probably split between the 4 sites, and they're all rich as fuck, so I don't think that's a problem. So your money will likely still be there, but actually getting it may be next to impossible (and you might not even be able to play with it either)

But that's just short term. Long term, no more American players I guess?


Can't find any useful info on 2p2 since the site's getting hammered right now. =/

Currently Active Users: 12243 (4076 members and 8167 guests)
View Who's Online
Most users ever online was 12,244, Today at 04:20 PM.


If you mean "non-US accounts" as in "non-US poker accounts", then yeah, that money is just as tied up as if its drug money. It's the subject of a civil asset forfeiture proceeding, which is LITERALLY how the FBI seizes drug money and drug dealer cars. It is the same proceeding. The money is not going anywhere; they don't care who deposited it.

In a few years, you could, in theory get your money back if you're an international player. But it's really unlikely there will be any money left then, after fines, assets forfeited as the result of the actual criminal acts, legal fees, etc. I would just expect it to be a full loss.

Nope, I mean non-US bank accounts. The sites keep the vast majority of the money offshore.

But "your" money will probably lose on it's value, you wont get 100c on a $ probably. As Tom Dwan twitted http://twitter.com/tom_dwan. It's not like you can sue them if you are American because you expose yourself to criminal lawsuit I guess.
I myself in some kind of miracle got through without much hammering to withdrawal process, only question is will it complete, they have 48h to process the request. Poker sites are like banks, their cash is 95% virtual, just numbers in computer.

I think he means as a conversion rate as of right now. Like you'd transfer $100 to someone on PS for $93 or more on Paypal or whatever. For FTP/Stars, the rate being lower than 100% (or whatever the standard is) is just because the money will likely be held up for a few months, whereas with the other sites there's a real risk of it going poof.

He actually sounds pretty optimistic.

Show nested quote +
Tom_Dwan Tom Dwan
"@HRRNighthawk: That sounds like you don't think the sites are ever coming back for the US customers?" 85-90% they will. 99.93% will pay

But the real problem is massive panic, they don't have the money "in stock". I myself panicked and requested the withdrawal of all my founds. Large "outflow" of money, plus freezing some of accounts, plus this very very and I mean very bad press will lead to huge problems in my opinion. It's like they are a stock market company which stock plummet, you can buy it out but on "X"c on a $. People are not that patient to wait few months for their money. Those rooms where like giant companies on financial market, they will surely hold up, I am sure of that, but at what cost?
"(...)all in the game, yo. All in the game"
Kurr
Profile Blog Joined April 2010
Canada2338 Posts
April 15 2011 22:05 GMT
#287
I have no problems with this and completely agree with Jibba. It's harsh but the law was there from the start.

I feel sorry for the people that will lose thousands of dollars but it was a risk they took. I once thought of playing poker online and I'm glad I never went through with it, wow.

Still, gambling is a real problem and online it's even harder to stop people from doing so. All the money you win comes from someone else at the end of the day. Some people need the government to hold their hands in these type of matters because they have no self control.
(╯°□°)╯︵ ┻━┻ | ┻━┻ ︵╰(°□°)╯︵ ┻━┻
Hostile
Profile Joined September 2010
United States49 Posts
April 15 2011 22:05 GMT
#288
I'm not into this scene but can you not withdraw your money at any point of your choosing? Personally I have a Paypal account that I make sure to withdraw from immediately when it gets a little high.
History's Strongest Disciple
Hatsu
Profile Joined March 2010
United Kingdom474 Posts
April 15 2011 22:05 GMT
#289
With all due respect and a lot of sympathy on a personal level, those who were leaving significant amounts of money sitting in such accounts were simply asking for trouble. It is extremely poor financial management to leave funds in such legally shady acounts which, obviously, are not covered by any protective law on bank deposits.

I guess you can see it as part of the risk of playing poker, though. Just deal with the loss.
Sedit qui timuit ne non succederet
RisingTide
Profile Joined December 2008
Australia769 Posts
April 15 2011 22:05 GMT
#290
So THIS is what the FBI were doing with those counter-terrorism dollars...
Astrogation
Profile Blog Joined September 2006
United States477 Posts
Last Edited: 2011-04-15 22:08:50
April 15 2011 22:06 GMT
#291
On April 16 2011 06:55 SonuvBob wrote:
Show nested quote +
On April 16 2011 06:43 Jochan wrote:
On April 16 2011 06:36 SonuvBob wrote:
On April 16 2011 05:52 Modafinil wrote:
On April 16 2011 05:36 SonuvBob wrote:
I guess the main question is whether the US can seize (seems very unlikely) or tie up money in non-US accounts. If not, then non-US players probably don't have much to worry about. I imagine the only money the sites have in US accounts is for their weird payment processing setup.

I think US players are only completely screwed if the sites don't have enough left over after the $3 billion lawsuit. I can't find much info on that, but it's probably split between the 4 sites, and they're all rich as fuck, so I don't think that's a problem. So your money will likely still be there, but actually getting it may be next to impossible (and you might not even be able to play with it either)

But that's just short term. Long term, no more American players I guess?


Can't find any useful info on 2p2 since the site's getting hammered right now. =/

Currently Active Users: 12243 (4076 members and 8167 guests)
View Who's Online
Most users ever online was 12,244, Today at 04:20 PM.


If you mean "non-US accounts" as in "non-US poker accounts", then yeah, that money is just as tied up as if its drug money. It's the subject of a civil asset forfeiture proceeding, which is LITERALLY how the FBI seizes drug money and drug dealer cars. It is the same proceeding. The money is not going anywhere; they don't care who deposited it.

In a few years, you could, in theory get your money back if you're an international player. But it's really unlikely there will be any money left then, after fines, assets forfeited as the result of the actual criminal acts, legal fees, etc. I would just expect it to be a full loss.

Nope, I mean non-US bank accounts. The sites keep the vast majority of the money offshore.

But "your" money will probably lose on it's value, you wont get 100c on a $ probably. As Tom Dwan twitted http://twitter.com/tom_dwan. It's not like you can sue them if you are American because you expose yourself to criminal lawsuit I guess.
I myself in some kind of miracle got through without much hammering to withdrawal process, only question is will it complete, they have 48h to process the request. Poker sites are like banks, their cash is 95% virtual, just numbers in computer.

I think he means as a conversion rate as of right now. Like you'd transfer $100 to someone on PS for $93 or more on Paypal or whatever. For FTP/Stars, the rate being lower than 100% (or whatever the standard is) is just because the money will likely be held up for a few months, whereas with the other sites there's a real risk of it going poof.

He actually sounds pretty optimistic.

Show nested quote +
Tom_Dwan Tom Dwan
"@HRRNighthawk: That sounds like you don't think the sites are ever coming back for the US customers?" 85-90% they will. 99.93% will pay


you got it right

also people who don't have anything to contribute//don't know what they are talking about should stop misleading people with bad information

For the last time, online poker is NOT illegal in the US
In this instance, govt is targeting the sites for their PAYMENT PROCESSING techniques
YoMeR
Profile Joined January 2003
United States263 Posts
April 15 2011 22:07 GMT
#292
O my gawd fuck our lives ;(
Losers are acceptable, Failures are not. And your sir, are a Failure.
Seide
Profile Blog Joined August 2010
United States831 Posts
Last Edited: 2011-04-15 22:09:31
April 15 2011 22:07 GMT
#293
I'm sad for the players who are getting screwed here.I hope that situation is resolved and you all get your money back without pain.

I'm not sad for the US Gov't showing some balls and going after a business for using loopholes. I am actually kinda happy with that to be honest.

I don't agree that poker is demonized here like it is, but even if its stupid, law is law.
One fish, two fish, red fish, blue fish.
jdseemoreglass
Profile Blog Joined July 2010
United States3773 Posts
April 15 2011 22:10 GMT
#294
YEAH!! I am so happy I cashed out most of my money a couple weeks ago! Only got about $200 left in my account... sucks to lose, but it is better than losing it all

Sorry to the rest of you.
"If you want this forum to be full of half-baked philosophy discussions between pompous faggots like yourself forever, stay the course captain vanilla" - FakeSteve[TPR], 2006
jdseemoreglass
Profile Blog Joined July 2010
United States3773 Posts
Last Edited: 2011-04-15 22:13:35
April 15 2011 22:13 GMT
#295
On April 16 2011 07:05 Kurr wrote:
Some people need the government to hold their hands in these type of matters because they have no self control.


So we need the government to control us for our own good?

This is the philosophy today... thank god I don't have children.
"If you want this forum to be full of half-baked philosophy discussions between pompous faggots like yourself forever, stay the course captain vanilla" - FakeSteve[TPR], 2006
SkelA
Profile Blog Joined January 2007
Macedonia13032 Posts
April 15 2011 22:13 GMT
#296
Wow this is huge. I play on PS but i got like ~100$ which is nothing compared with others . I dont understand this but only US citizens are fucked or everyone else if they somehow shut down the major poker rooms?
Stork and KHAN fan till 2012 ...
JeeJee
Profile Blog Joined July 2003
Canada5652 Posts
April 15 2011 22:13 GMT
#297
On April 16 2011 07:07 Seide wrote:
I'm sad for the players who are getting screwed here.I hope that situation is resolved and you all get your money back without pain.

I'm not sad for the US Gov't showing some balls and going after a business for using loopholes. I am actually kinda happy with that to be honest.

I don't agree that poker is demonized here like it is, but even if its stupid, law is law.


hehe you'd think if the us gov't cared about companies abusing loopholes to screw uncle sam out of tax dollars, they'd go after companies like google, microsoft or facebook (brb swindling sam out of tens of billions of tax dollars every year, np)
(\o/)  If you want it, you find a way. Otherwise you find excuses. No exceptions.
 /_\   aka Shinbi (requesting a name change since 27/05/09 ☺)
Samhax
Profile Joined August 2010
1054 Posts
April 15 2011 22:13 GMT
#298
On April 16 2011 06:59 Jibba wrote:
Show nested quote +
On April 16 2011 06:43 Soap wrote:
Doesn't help that there are conservative officials that would prefer gambling to be evicted from the world, but the real difficulty is the same as always, the people who are in good faith and just want to play some games are silent.

If they could get a cut, there'd be no qualms about it.

I know people here are extremely invested in poker, but a lot of you would be cheering for the DoJ if it had been one of the other multi-billion dollar companies abusing loopholes and using offshore bank accounts. A dirty business got caught. Some of you are starting to sound like hardcore libertarians, especially the Europeans. :x


It's not being hardcore libertarians to say that customers (who are not involve in this fraud) must recover their money; It's just common sens...
SonuvBob
Profile Blog Joined October 2006
Aiur21549 Posts
Last Edited: 2011-04-15 22:15:10
April 15 2011 22:14 GMT
#299
On April 16 2011 06:57 Modafinil wrote:
Show nested quote +
On April 16 2011 06:36 SonuvBob wrote:
On April 16 2011 05:52 Modafinil wrote:
On April 16 2011 05:36 SonuvBob wrote:
I guess the main question is whether the US can seize (seems very unlikely) or tie up money in non-US accounts. If not, then non-US players probably don't have much to worry about. I imagine the only money the sites have in US accounts is for their weird payment processing setup.

I think US players are only completely screwed if the sites don't have enough left over after the $3 billion lawsuit. I can't find much info on that, but it's probably split between the 4 sites, and they're all rich as fuck, so I don't think that's a problem. So your money will likely still be there, but actually getting it may be next to impossible (and you might not even be able to play with it either)

But that's just short term. Long term, no more American players I guess?


Can't find any useful info on 2p2 since the site's getting hammered right now. =/

Currently Active Users: 12243 (4076 members and 8167 guests)
View Who's Online
Most users ever online was 12,244, Today at 04:20 PM.


If you mean "non-US accounts" as in "non-US poker accounts", then yeah, that money is just as tied up as if its drug money. It's the subject of a civil asset forfeiture proceeding, which is LITERALLY how the FBI seizes drug money and drug dealer cars. It is the same proceeding. The money is not going anywhere; they don't care who deposited it.

In a few years, you could, in theory get your money back if you're an international player. But it's really unlikely there will be any money left then, after fines, assets forfeited as the result of the actual criminal acts, legal fees, etc. I would just expect it to be a full loss.

Nope, I mean non-US bank accounts. The sites keep the vast majority of the money offshore.


Oh well, in that case, the answer is still "definitely, they can get it". The US seizes/freezes international bank accounts all the time, and have been doing it for years. The bank cooperates or risks losing any assets it has in the US or that touch the US in any way (now or in the future). Or the US government gets your own government to do the seizure itself. Pretty much every country in the developed world (and even plenty that aren't developed, like, say, Panama) is party to legal cooperation treaties, and almost every country will assist in the arrest or deportation of the target of a valid arrest warrant, or in the seizure of assets so requested, or even in the enforcement of a judgment from a foreign court (couple exceptions to the last one, but still).

The exceptions to this are total pariah countries like North Korea and Cuba, and, until recently, Switzerland. But even Switzerland stopped having secret bank accounts and decided to cooperate with the US in its UBS tax fraud investigation.

Hm... I saw a post somewhere saying where either PS's or FTP's stored, but I can't find it now.

On April 16 2011 07:03 Jochan wrote:
Show nested quote +
On April 16 2011 06:55 SonuvBob wrote:
On April 16 2011 06:43 Jochan wrote:
On April 16 2011 06:36 SonuvBob wrote:
On April 16 2011 05:52 Modafinil wrote:
On April 16 2011 05:36 SonuvBob wrote:
I guess the main question is whether the US can seize (seems very unlikely) or tie up money in non-US accounts. If not, then non-US players probably don't have much to worry about. I imagine the only money the sites have in US accounts is for their weird payment processing setup.

I think US players are only completely screwed if the sites don't have enough left over after the $3 billion lawsuit. I can't find much info on that, but it's probably split between the 4 sites, and they're all rich as fuck, so I don't think that's a problem. So your money will likely still be there, but actually getting it may be next to impossible (and you might not even be able to play with it either)

But that's just short term. Long term, no more American players I guess?


Can't find any useful info on 2p2 since the site's getting hammered right now. =/

Currently Active Users: 12243 (4076 members and 8167 guests)
View Who's Online
Most users ever online was 12,244, Today at 04:20 PM.


If you mean "non-US accounts" as in "non-US poker accounts", then yeah, that money is just as tied up as if its drug money. It's the subject of a civil asset forfeiture proceeding, which is LITERALLY how the FBI seizes drug money and drug dealer cars. It is the same proceeding. The money is not going anywhere; they don't care who deposited it.

In a few years, you could, in theory get your money back if you're an international player. But it's really unlikely there will be any money left then, after fines, assets forfeited as the result of the actual criminal acts, legal fees, etc. I would just expect it to be a full loss.

Nope, I mean non-US bank accounts. The sites keep the vast majority of the money offshore.

But "your" money will probably lose on it's value, you wont get 100c on a $ probably. As Tom Dwan twitted http://twitter.com/tom_dwan. It's not like you can sue them if you are American because you expose yourself to criminal lawsuit I guess.
I myself in some kind of miracle got through without much hammering to withdrawal process, only question is will it complete, they have 48h to process the request. Poker sites are like banks, their cash is 95% virtual, just numbers in computer.

I think he means as a conversion rate as of right now. Like you'd transfer $100 to someone on PS for $93 or more on Paypal or whatever. For FTP/Stars, the rate being lower than 100% (or whatever the standard is) is just because the money will likely be held up for a few months, whereas with the other sites there's a real risk of it going poof.

He actually sounds pretty optimistic.

Tom_Dwan Tom Dwan
"@HRRNighthawk: That sounds like you don't think the sites are ever coming back for the US customers?" 85-90% they will. 99.93% will pay

But the real problem is massive panic, they don't have the money "in stock". I myself panicked and requested the withdrawal of all my founds. Large "outflow" of money, plus freezing some of accounts, plus this very very and I mean very bad press will lead to huge problems in my opinion. It's like they are a stock market company which stock plummet, you can buy it out but on "X"c on a $. People are not that patient to wait few months for their money. Those rooms where like giant companies on financial market, they will surely hold up, I am sure of that, but at what cost?

From the PS FAQ:

Q: Is my PokerStars account balance used for your operational expenses or is it kept in a separate account?
A: PokerStars is proud that, under special banking arrangements, an amount covering the total of all players' account balances is held in segregated accounts, not used for any operational expenses. These segregated accounts are managed by one of Europe's leading financial services groups. These arrangements ensure that PokerStars can at all times fulfil its obligations towards its players, and provides further reassurance that players' funds are always secure with PokerStars.

So they have the money, but who knows what'll happen to it.
Administrator
Layden
Profile Joined September 2010
United States45 Posts
April 15 2011 22:14 GMT
#300
I think it's fair to say that something of this magnitude was eventual in the United States. When UIGEA was passed in 2005 it severly crippled the industry's ability to pay OUT (not in) to U.S. custoners. About 6-8 weeks after the passage, everything went back to pretty much normal, but nobody really knew how they were skirting banks, and now they may have (aledgedly) been committing fraud to do so.

If you are a US player it's a shame that your money is likely gone but that really was a known risk after UIGEA. I played a lot between 2002 and 2005 and when UIGEA I took a majority of my money off all the sites for various reasons. I havn't played since about 2009, but i think it's safe to say that this may spell the deathknell for online poker in the US for some time.

If you are outside the US, I highly suggest CASHING OUT AS FAST AS POSSIBLE. Pay whatever fees you need to in order to get the money in your hands ASAP. This may only affect US players, but in fact it affects the entire business. The US government cannot legally sieze funds in non-Us territories, but they can ASK and if the bank that has your deposit does any type of business in the U.S. (or is a subsidiary of a larger U.S. bank holding company) they will likely comply.

I hate to sound like chicken little, but this is really judgement day for the online poker industry.
Prev 1 13 14 15 16 17 38 Next All
Please log in or register to reply.
Live Events Refresh
Next event in 23m
[ Submit Event ]
Live Streams
Refresh
StarCraft: Brood War
firebathero 4083
Shuttle 1112
actioN 417
Larva 360
Stork 353
TY 262
Zeus 173
Soma 167
Hyuk 160
Mini 155
[ Show more ]
EffOrt 103
Nal_rA 93
ToSsGirL 90
Pusan 83
PianO 63
sSak 57
sorry 46
JulyZerg 35
Noble 32
hero 31
Sharp 24
Sacsri 23
Rush 19
Barracks 13
IntoTheRainbow 6
ivOry 2
Dota 2
Gorgc4563
XaKoH 471
XcaliburYe273
League of Legends
singsing587
JimRising 460
Counter-Strike
Stewie2K191
Other Games
tarik_tv23186
shahzam719
ceh9493
Happy336
Fuzer 284
crisheroes244
monkeys_forever168
Pyrionflax115
Organizations
Other Games
gamesdonequick32732
StarCraft 2
Blizzard YouTube
StarCraft: Brood War
BSLTrovo
sctven
[ Show 14 non-featured ]
StarCraft 2
• Berry_CruncH394
• AfreecaTV YouTube
• intothetv
• Kozan
• IndyKCrew
• LaughNgamezSOOP
• Migwel
• sooper7s
StarCraft: Brood War
• BSLYoutube
• STPLYoutube
• ZZZeroYoutube
Dota 2
• lizZardDota2168
League of Legends
• HappyZerGling105
Other Games
• WagamamaTV42
Upcoming Events
The PondCast
23m
uThermal 2v2 Circuit
6h 23m
WardiTV European League
6h 23m
Jumy vs NightPhoenix
Percival vs Nicoract
ArT vs HiGhDrA
MaxPax vs Harstem
Scarlett vs Shameless
SKillous vs uThermal
Replay Cast
14h 23m
RSL Revival
1d
ByuN vs SHIN
Clem vs Reynor
OSC
1d 3h
Replay Cast
1d 14h
RSL Revival
2 days
Classic vs Cure
FEL
2 days
OSC
2 days
[ Show More ]
RSL Revival
3 days
FEL
3 days
FEL
3 days
CSO Cup
3 days
BSL20 Non-Korean Champi…
3 days
Bonyth vs QiaoGege
Dewalt vs Fengzi
Hawk vs Zhanhun
Sziky vs Mihu
Mihu vs QiaoGege
Zhanhun vs Sziky
Fengzi vs Hawk
Sparkling Tuna Cup
4 days
RSL Revival
4 days
FEL
4 days
BSL20 Non-Korean Champi…
4 days
Bonyth vs Dewalt
QiaoGege vs Dewalt
Hawk vs Bonyth
Sziky vs Fengzi
Mihu vs Zhanhun
QiaoGege vs Zhanhun
Fengzi vs Mihu
Replay Cast
6 days
Liquipedia Results

Completed

Proleague 2025-07-07
HSC XXVII
Heroes 10 EU

Ongoing

JPL Season 2
BSL 2v2 Season 3
Acropolis #3
KCM Race Survival 2025 Season 2
CSL 17: 2025 SUMMER
Copa Latinoamericana 4
Jiahua Invitational
Championship of Russia 2025
RSL Revival: Season 1
Murky Cup #2
BLAST.tv Austin Major 2025
ESL Impact League Season 7
IEM Dallas 2025
PGL Astana 2025
Asian Champions League '25
BLAST Rivals Spring 2025
MESA Nomadic Masters
CCT Season 2 Global Finals
IEM Melbourne 2025

Upcoming

2025 ACS Season 2: Qualifier
CSLPRO Last Chance 2025
CSL Xiamen Invitational
2025 ACS Season 2
CSLPRO Chat StarLAN 3
K-Championship
uThermal 2v2 Main Event
SEL Season 2 Championship
FEL Cracov 2025
Esports World Cup 2025
Underdog Cup #2
StarSeries Fall 2025
FISSURE Playground #2
BLAST Open Fall 2025
BLAST Open Fall Qual
Esports World Cup 2025
BLAST Bounty Fall 2025
BLAST Bounty Fall Qual
IEM Cologne 2025
FISSURE Playground #1
TLPD

1. ByuN
2. TY
3. Dark
4. Solar
5. Stats
6. Nerchio
7. sOs
8. soO
9. INnoVation
10. Elazer
1. Rain
2. Flash
3. EffOrt
4. Last
5. Bisu
6. Soulkey
7. Mini
8. Sharp
Sidebar Settings...

Advertising | Privacy Policy | Terms Of Use | Contact Us

Original banner artwork: Jim Warren
The contents of this webpage are copyright © 2025 TLnet. All Rights Reserved.