Re:Magnus Carlsen is World Chess Champion
by sejje on Saturday November 23, 2013 @02:43AM
(#6785598)
I think "technically illegal" should be defined here.
I played professionally a few years back, so this was my understanding of the law then, and I haven't heard of any changes:
It's perfectly legal, as a player, to play. Laws have been created that prevent banks from transferring money to and from poker sites.
When Black Friday happened, it was primarily because poker sites were committing fraud to work with banks to process payments.
There are still sites operating, however they take very, very long to process payments, limit cashouts to a point where professional play is not possible, and can suffer the same fate as the big three sites did on Black Friday.
I played professionally a few years back, so this was my understanding of the law then, and I haven't heard of any changes:
It's perfectly legal, as a player, to play. Laws have been created that prevent banks from transferring money to and from poker sites.
When Black Friday happened, it was primarily because poker sites were committing fraud to work with banks to process payments.
There are still sites operating, however they take very, very long to process payments, limit cashouts to a point where professional play is not possible, and can suffer the same fate as the big three sites did on Black Friday.