Feds cracking down on online poker..? - Page 30

On April 16 2011 16:00 PJA wrote:


What? Even ignoring opinions about poker, it's evident to anyone with half a brain that some professions contribute more to society than others.

On April 16 2011 03:50 Modafinil wrote:


Your money is gone and the site will be inaccessible as soon as the DNS re-propagates.

On April 16 2011 16:03 CheeC[h] wrote:



he wasn't saying that at all

On April 16 2011 14:26 Hurricane wrote:
Yeah I know what your saying, but you also have to look at how sudden this is and how reliable pokerstars and fulltilt have been over the past decade. There was no reason to believe that something like this would happen. Yes there was the UIGEA and it was a bit sketchy, but it has been years since it was introduced and nothing has happened so it didn't seem like the US was going to actually enforce it. Couple that with a few senators/congressmen trying to get a bill passed to make online poker legal and regulate it, which has been making slow but consistent progress over the past year or two, and it seemed more like the UIGEA was just a place holder to keep the companies in line while the US could agree on a way to legalize and regulate it.

Then we wake up one day and the FBI has seized all accounts with the three top corporations in the US and all of us have no idea what the fuck just happened.

EDIT: gotunks summed it up pretty concisely. I just felt the need to elaborate. I'm confident most poker players would agree as well that we felt ps/ftp was as safe or safer than most banks.

On April 16 2011 16:09 Masada714 wrote:
I've been playing poker for years and it is truly unfortunate that this has happened with the Online sites. I've been playing on PokerStars since the site first was brought up. As I'm seeing with most posts there seems to be a misconception about what is happening. I'm from the US and Online Poker is NOT illegal and never has been.

The UIGEA act was targeted at Banks to prevent them from approving transactions to offshore gaming sites. Not to mention the only reason it passed was because it was piggybacked onto the Safe Port Act. This FBI investigation has more to do with the practices of the company and not about the legality of it for US players.

The game of Poker is defined as a game of skill and not random chance, which is why it is not considered illegal. Unfortunately there is Politicians and Big Brother governement who thinks they know what is best for us and that everyone will become addicted and go broke which is why we don't see any US based sites, among other reasons I'm sure.

It sucks because I really enjoy the game and the convenience of being able to play whenever I choose. Hopefully the government will wake up and Regulate it so they can get their tax money and we can go back to playing the game we love.

On April 16 2011 16:14 UniversalSnip wrote:


sorry to say this, but if you honestly believed that an online poker site is safer than a us government insured bank because they've never failed in ten years that makes you a sucker. This is the same kind of reasoning that has people exploding all the time trying to play stocks

On April 16 2011 16:20 GoTuNk! wrote:


Why? PS has a huge cash flow and all players money is supposed to be backed on 0% risk funds. They relly heavily on their image and trustworthiness to run a ridicously sucessfull business so it is on their best interest to keep it that way. Banks, on the other hand...

On April 16 2011 16:28 Klogon wrote:
Are insured by the US Federal Government for up to $100,000...

On April 16 2011 16:29 GoTuNk! wrote:

100m right ? 100k is pocket change to ps

The standard deposit insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.

On April 16 2011 16:31 feanor1 wrote:

Because a US backed bank is insured by the US government for all of your money up to 250K. you literally cannot lose it.

On April 16 2011 16:07 matzisc wrote:


Stop trolling, the sites even mention its only for the US citizens, which kinda makes sense since the FBI works in the USA, not internationally

On April 16 2011 16:30 Klogon wrote:


and 100m is nothing for US banks not the mention the US government. Are you kidding me?

Oh, and I meant that each person's personal deposits / accounts are insured up to 100k.

Edit: well it seems like 250k. My bad. http://www.fdic.gov/deposit/deposits/insured/basics.html



I honestly do not know why you keep arguing this. To even think that any of the poker sites' capital equals one of the major financial firms is laughable. Even combined I doubt they'll come close.