the day the poker died

Massive day for online poker with serious criminal charges being laid against the biggest online poker firms who target the American market....

Online poker companies indicted for fraud

NEW YORK (CNNMoney) -- The founders of the three largest Internet poker companies have been indicted for bank fraud and money laundering, federal law enforcement officials said Friday.

The United States Attorney in New York unsealed the indictment against eleven people, including the founders of PokerStars, Full Tilt Poker, and Absolute Poker. In addition to charges of bank fraud and money laundering, the companies are accused of illegal gambling offenses.

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The companies allegedly arranged for the money from U.S. gamblers to be disguised as payments to hundreds of non-existent online merchants for the purchase of items such as jewelry and golf balls, according to the indictment.

Those firms are in deep, it will be interesting to see what happens to those firms who refused to take US business on the share markets next week. In poker, liquidity is king, and those firms who blocked business from the US were always fighting a losing battle. Now the whole landscape of online poker could change....

Comments

Spot-fixing - you will never, ever be able to stop it

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lay the field - my favourite racing strategy

Dabbling with laying the field in-running at various prices today, not just one price, but several in the same race. Got several matched in the previous race at Brighton, then this race came along at Nottingham. Such a long straight at Nottingham makes punters often over-react and think the finish line is closer than it actually is. As you can see by the number of bets matched, there was plenty of volatility in this in-play market. It's rare you'll get a complete wipe-out with one horse getting matched at all levels, but it can happen, so don't give yourself too much risk...

Sport is made for betting

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