Regulation? LOL
I lost $ on a regulated site and was very luck to get to get my $ from another.
There are many regulated sites where people lost $ when the site closed with no warning and in every case the regulator said there was nothing they could do.
TY MICON
Wait, didn't Full Tilt start refunding the money last year ? or that never happened ?
I am still owed upper 5 digits from my Full Tilt balance because I was erroneously tagged as an affiliate. I also had thousands more on Absolute Poker that is gone for good. I got my Seals balance back in under 24 hours.
Full tilt wasn't the only one just the biggest. I lost money on another regulated site. Again there have been many regulated sites over the years that closed without paying the players and the only thing the regulators did was shrug their shoulders.
That's because they aren't even really regulators. They're just a barely plausible legal fig leaf to make what would otherwise be illegal pass legal muster enough not to get the people running the site arrested. Sort of like the bullshit "Kahnawake Gaming Commission" that sat with its thumbs up its ass doing nothing while Absolute/UB ran a blatant scam for years.
Couldn't agree more.
The Kahnawake did nothing to stop UB/AP, or to help get me my money that was lost there.
The Alderney Gaming Commision did nothing to protect us for Full Tilt, we were only eventually saved by Stars.
Even after Black Friday there have been sites like Lock Poker that screwed people while being "regulated".
Yet, Seals was able to pay all players in full within hours.
Reputation is more important than regulation.
Oversight from the customers themselves is better than by some regulatory board being paid to give a false sense of security.