Saturday, June 20, 2009

U.S. DoJ Freezes $30 Million of Online Poker Players Money


Much as already been made about the recent actions of the U.S. Department of Justice's efforts to freeze $30 million in player deposits that were sitting in accounts with online financial transaction operators.
The key here is to note that the money was NOT in accounts managed or operated by the online poker rooms but actually companies that serve the poker sites but facilitating the funds for them. Now of course, anyone with half a brain knows that the processors couldn't exist without the sites and the vice versa.
My hope is that this action will finally get players fired up enough to get a grassroots effort going to get serious about regulating the industry once and for all. Up to now the DoJ's actions have been aimed at companies (and you could argue that this is aimed at them again), but this time the players are directly involved as they can't access funds which are legally and properly theirs. If that doesn't fire up a consumer I don't know what would.
Here are some good stories to read about the fallout from the DoJ's actions.
A letter to the editor to the Las Vegas Sun Times

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