Archive for April 23rd, 2011

Some facts about online poker: Everyone used to be a winner.

April 23rd, 2011 No comments

Online Poker used to be an enterprise where everyone came out a winner. Now, only the U.S. Government stands to gain.

Online poker in the U.S. is basically gone.  That’s a fact.

It’s taken me a little more than a week now (8 days to be exact) to really come to acceptance with what’s taken place in the online poker industry and come to grips with the realities that are smacking online poker players in the face.  There are two basic facts that I’ve had to accept in the last week.  The first fact is that it’s become abundantly clear that the U.S. Government hates American poker players and is telling us to just go screw ourselves.  The second fact is that it’s going to be a long time before we’re playing poker online again, if we ever get to do it again on a reputable site, and that the only real winner in this whole fiasco is the ego of the U.S. Government and the anti-poker playing crowds.

It bothers me a great deal that there are no victims in the last five years of activities by online poker sites and the banks.  While the claims of Bank Fraud, Money Laundering, and shady practices of funneling money are disturbing, it’s obvious that they’re also not hurting anyone.  They’re simply going about their business in the only way that they could because of a stupid piece of legislation that got added onto the Port Security Act at the last hour in 2006.  It was completely bone-headed law.  There is just no other way around it.  It couldn’t stand on its own, so they tacked on the bill to a “must pass” piece of legislation and it slipped through under the noses of politicians en route to creating a huge mess of the poker industry.  But now that it’s finally being enforced (some 5 years later), the enforcement affects tens of thousands of U.S. poker players (those that make their living off of it, and those that play it recreationally), banks that lose out on hundreds of millions of dollars in fees which the Government was getting tax money from, and the end of countless other opportunities for U.S. players and poker players and advocates. Read more…

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