I’m feeling a bit queasy today, and it’s not solely due to the bender I was on in Catalina Island this weekend. PokerStars, Full Tilt Poker and Absolute Poker are all down amidst a Federal investigation regarding the acceptance of deposits from US Banks, meaning no one is raking the online pots and millions of dollars of user’s assets are frozen (though the sites are assuring their clients that their assets are safe). Though this isn’t our game, the sports-betting world is already feeling the effects. At least one of Sportsbook.com’s processing partner’s is no longer processing withdrawals, and you’ve got to assume Visa and Mastercard are keeping an extremely close eye on the ledgers.
We’re not sure what it means here, but this is fairly unprecedented and it’ll be very interesting to see how this all plays out. The poker guys will no doubt lawyer up big-time; beating the case could open up the floodgates for online gaming and could finally kick the ambiguous federal laws preventing online gaming; a victory for the Feds might be their biggest win yet, and could send us all looking for second homes in Vegas. In the meantime, keep an eye on your account and at a minimum hold off on making any deposits. We’ll do what we can to keep you posted as news arises.