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New Regulations Regarding Online Texasholdem
It's Ironic how occasionally what State laws do additionally benefit the people of that State and not just the politicians and lobbies. In the online gaming case, the government's resistance to web poker in all forms, including skill formats of the game such as Texas Hold em, is initiated only by land based gaming establishments lobby work and the State's desire to put their hands deep in the pockets of the web poker Companies. What those probation regulations have accomplished till now was turning those kinds of web sites into outlaws and putting them away from any supervision body reach. So what in fact is going on here is - the government doesn't get anything, the users that play online poker are exposed to frauds and scams, and the internet poker halls are earning millions of dollars.
Luckily, a new regulation is starting to change this grim picture. On April 2011, there was what everyone in the industry refers to as 'Black Friday". The Department of Justice started taking measures against virtual poker rooms sites, that would help to stop the "money laundering" and funds holding these web sites at times do. Full tilt, for example, has been holding $300 million of online players money. This has really caused some known poker players to go on strike and not taking part in big Texas hold'em tournaments. This act, which is named 'the wire act', ought to minimize such incidents to minimum and so Texasholdem players, such as myself, might continue enjoying playing online poker and be confident they are going to receive their earned money with no problems.
Hopefully this is just the start of a procedure that should turn online poker into a legal activity all over the world, including in the US. Till Then, US citizens will have to make do with their local land based poker rooms and if they get along with the internet environment, play Texas Holdem using proxies in legit European on-line poker rooms.
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