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Tuesday, June 9, 2009

Breaking Poker News

US Government freezes bank accounts of online poker sites, halts payouts. Read more here.

Bottom line is the US Justice Department believes poker is a game of chance. The great State of California believes it is a game of skill. Where you come down on that issue tells you if it is gambling or not.

I will say that even though I think when played properly, Poker can be a game of skill, it can also have the corrosive effect of any addiction. So in that sense, it is at least very similar to gambling. However, the websites involved are large and have money, so this may be the final showdown on skill vs. chance. Even so, it will take years for this decision to play out in the courts.

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