Quote:
Originally Posted by SantaCruz
Costa Rica regulates WPN. That's why WPN is located in Costa Rica.
I tried googling "Costa Rica Poker License" and all I got was a bunch of companies offering assistance in setting up shop in Costa Rica. Several of the sites mention how easy it is because no license is required.
So where was that license issued again? The place that all these sites promote as not requiring a license?
I'm not claiming that the site is breaking any laws in Costa Rica or anywhere else.
I'm not claiming that the licenses of the other sites serving the US offer any meaningful protection for players.
I was just surprised to see you assert that they are a licensed site, and to have Winning CEO give that a +1, when I'd never heard that before.
And I wouldn't be surprised to hear that they have a general business license, a data processing license (mentioned in some of those google results), or a t-shirt that says "I'm Licensed To Ill, Thrill, and Kill'" that they bought on a boardwalk. But none of those things are what we usually think of when we discuss gaming licensing, so it would be disingenuous to claim that's what is meant by "licensed".
Quote:
Originally Posted by SantaCruz
For every example that you can come up where regulation works, I can probably show you 5 where regulation has failed to the detriment of the environement, to lives lost in a myriad of tragedies like mine accidents and bad constuction, and to money lost due to the ineptitude of financial institutions.
I guess I have to concede that, since I've never seen any of these headlines:
Bank doesn't fail, thanks to effective regulation!
Miners still not trapped, more at 11:00!
Our investigation finds local building is not a pile of rubble!
Government-required audit finds that poker site holds players funds in separate account from operating funds!
River not poisoned, regulatory body's role examined!
What you've done above is cite examples where regulations were ineffective or poorly enforced. How is that an argument against regulation?
Do you think those tragedies would be less likely to occur if there was no regulation? Do you think that track would be
less likely to be controlled by the mob if there were no rules about who can own tracks? Do you think whatever operation needed to clean up its act fast when it got the tip that the inspector is coming would be run better if there were no inspectors?
Regulation can be excessive, ineffective, illogical, and corrupt. Like almost anything that can be done, it can be done poorly, and it often is.
I'd still rather have someone other than just the sites themselves attempting to ensure that games are fair and player funds are safe.
WPN seems to be doing the right thing without regulation. But it could have a new CEO tomorrow with a different plan.
There is clearly a problem in the industry in general with sites cheating players, or simply walking away with player funds. And the underground nature of the industry is part of what keeps the casual players away.
Last edited by AlexTheOwl; 01-03-2015 at 03:38 AM.