Can somebody please explain to me what the gold coins and $weeps are without using the special lingo they have to use so it's legal?

For example you can buy 500,000 gold coins and get 50 free $weeps for $50. I'm assuming the sweeps are actually dollars and what do the gold coins do?

Really confused

Hey David,

Instead of taking our word for it I thought I would link you to an article that was written on this subject.

https://www.highstakesdb.com/7628--w...bal-poker.aspx

In summary though, Global Poker is a social poker site which offers game play for our two virtual currencies, Gold Coins and $weeps Cash.

If you want to enjoy the fun of the Gold Coin tables all you need to do is purchase some Gold Coins and you are ready to hit the tables. If you want to take part in our $weeps Cash tables you can do so using the FREE $weeps Cash provided to you. $weeps Cash can be obtained in a number of ways including, as a promotion when you purchase Gold Coins, by winning one of our $weeps Cash giveaway competitions or by sending us a letter. Check out our $weeps Rules page for further information on how to obtain your free $weeps Cash.

It is basically an end around the US gaming laws. You can answer contest questions and things on FB to win $weepsCash or purchase Gold Coins to play various nonsense games. When you play a certain amount of those hands, you are eligible to play several of the $weepCash entry games with the opportunity to win more $weepsCash. The Gold Coins and $weepsCash are legally useless and have no value in the real world, as they are an on-site currency only. You do not deposit money, you purchase this mythical coin and also receive a bonus of $weepsCash. All that mumbo jumbo is a way to legally circumvent US gambling/gaming laws and the UIGEA. If you 'deposited' money on the site, then it would be in violation of several of the laws and PayPal would not allow it. Since you are purchasing something that is in fact legal in the US, GoldCoins, PayPal allows it to go through.

To comply with the sweepstakes/contest laws, you do not even have to buy a gold coin package. You can send off postcards requesting free $weeps cash and then use that to play the $weepsCash games. Again, it is just a legal loophole that they have been able to exploit. There really is a very very low risk of that loophole closing because it would also apply to state run lottery games. Since those give politicians an ability to collect more under the table money with shim sham dealings with their largest donors....they will fight against that to their death.

The opposing view of it is, if Global Poker accepts deposits to play poker, then they are an illegal operation in the eyes of the US laws. PayPal would not allow any transactions and you would play in much the same way as you do on the other US facing networks. When you send a PayPal, you are only purchasing gold coins. To further show some sort of differentiation, they offer a gold coin only package. That is pretty much a waste of money, but you do have the ability to play gold coin games and after various amounts of hands seen, you have met some 'challenges' they offer. If you win in the 'challenge' games, you can then cash out your winnings by turning in your $weepsCash that has been won. If you look at their game lobby, they do not have a $3,500 daily GTD game, it is a 3,500 worht of $weepsCash that is offered. Playing poker has been deemed a game of skill and since you are not entering into any of their poker games with a monetary tender that is recognized by the US government....you can play a legit game and use skill to win the $weepCash.

It is really just finding the huge loopholes in several laws that enable it to exist in plain sight with no consequence.

This is what I like about a dewd. Logical and clear.

To elaborate and risk beating a dead horse, keep in mind sweepstakes like the Monopoly game at McDonald's. You can buy a burger or soda or fries and get game pieces. You can also send postcards and get game pieces. But I am telling you right now. If you don't have the skill to figure out that Park Place and Boardwalk both have to be turned in together to get the prize, you ain't getting the prize. If you don't have the skill to keep track of your game board while you assemble the pieces, you don't get the prize.

So then this is an example (all be it, not perfect) of a "skill" game that is also a sweepstakes. Now the skill is much lower in the McDonald's game, but skill is still required.

And I am with a dewd. They can't close this loophole. Now maybe global goes out of business for a myriad of other reasons. Its a business, it happens. But it won't be because it is seen as a "gambling poker website".

The tone of this comes across as a criticism of Global's existence.

I don't think so. I think what Global is doing is awesome because they're basically saying "F*** you, you know what we're doing, but try and stop us" to the U.S. Gov't because they found a loophole in their own stupid ****ing laws. (I'm of a libertarian mindset so I hate all gov't b.s.)

Unfortunately, I think the power of the Attorney General is powerful enough to squash this site like a bug without having any ramifications on things like the lottery which A dewd was talking about. Laws don't apply to those in power.

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MARKETING AUTOMATION & CRM, MARKETING STRATEGY, BRANDING, AGENCY & CREATIVE
May 8, 2013
Is Your Contest Illegal? 33 Important Legal Considerations for Contests and Sweepstakes
By Jesse M. Brody and Alan L. Friel
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3 COMMENTS
In today’s competitive marketplace, companies are relying heavily on innovative and edgy promotions that often include submission of user-generated content, tweets, Facebook applications, blogging, viral marketing and other social networking elements.
However, the tech-savvy marketing professionals who are entrusted to do so are often unaware of the complex legal overlay of the digital world and the potential significant financial repercussions for their company’s failure to comply. In working closely with our clients to structure sweepstakes and contests in compliance with applicable legal requirements, we have identified the following top compliance issues to consider before administering a promotion.
Are You Running a ‘Sweepstakes’ or ‘Skill Contest’?
A “sweepstakes” is a promotion where the winner is determined by a chance event and the participants exercise no control over the outcome. Typical sweepstakes are random drawings or instant win games, such as scratch and win cards.
If the promotion involves skill, rather than random chance, it might be a contest since a “contest” or “skill contest” refers to a promotion where skill or the ability to perform a required task determines the winner. If there is a mix of chance and skill to determine the winner(s), you may have an illegal lottery.

Global Poker Sweepstakes

There is a reason they won't share the RNG certificate. There is a reason they don't have hand histories. There is a reason they don't want HUDs.

If the DOJ or FTC or FBI choose to seize this site then nobody will ever get their money back because Global Poker/VGW does not take deposits. You don't have a bankroll or poker funds on this site. You have sweeps cash. Sweeps cash is of no value in your account until you are paid out by VGW. If it had value you'd be depositing with Paypal into an illegal poker site. You're buying video game tokens. That's what gold coins are. The sweeps cash is then given to you for free. I wouldn't trust keeping any money that means anything to you because this site is now on the radar of many very important agencies in the United States.

None of this means that VGW still wouldn't pay out people's sweeps cash even if the FBI shut them down.

I can't edit my post so here is all I wanted to post

A “sweepstakes” is a promotion where the winner is determined by a chance event and the participants exercise no control over the outcome. Typical sweepstakes are random drawings or instant win games, such as scratch and win cards.
If the promotion involves skill, rather than random chance, it might be a contest since a “contest” or “skill contest” refers to a promotion where skill or the ability to perform a required task determines the winner. If there is a mix of chance and skill to determine the winner(s), you may have an illegal lottery.

Global Poker Sweepstakes

There is a reason they won't share the RNG certificate. There is a reason they don't have hand histories. There is a reason they don't want HUDs.

No, not a criticism, sorry it comes across that way. Just explaining it in a simple way of how it is legal and legitimate poker, just like ClubWPT. There are some that don't understand the model and have completely refused to call the phone numbers and speak with legal counsel, insiders, or other executives in the sector. There is no logic into not actually asking for specific answers from people that would know, but a month or more later....still no calls nor is there any proof, evidence of any sort to back up their claims. There is an adherence to the illogical, though. Such as......


This has been explained half a dozen times at least, with contact numbers and an easy way to confirm and/or learn what the model is.

There is NO reason to not call or email any of those people I gave as references. This is a continuance of inanity. Some people seem to believe that their lack of understanding is more substantial and accurate than the legal counsel of three different companies from small to one of the largest in the world. It is absurd and idiotic.

I hate the government, too. Wretched bastards and every time someone can get around their bs I am a fan.

The Attorney General would not be able to do anything outside of the law, though. Online lotteries fall under the same auspices as the sweepstakes and contests do. I also agree that laws don't have the same meaning for politicians, but they get a lot juice to offer for under the table deals from the lotteries. He has publicly stated that he wants to review the UIGEA and it would have to be overturned for VGW to be shutdown here. That means no more lotteries online, so no chance of that happening. Besides, Trump has asked for a committee to explore nationwide sports betting and other games.

Lastly, the idea that 'many important agencies' are looking into VGW now is correct, but not in the way intended. They have filed for trading. Many agencies and regulatory bodies look into the company in depth. They also know, with 100% certainty, whether or not a company that has filed for trading is currently under investigation by any other regulatory agency. If so, the company will never go effective and trade. If it was publicly trading, their counsel would be served noticed that they are currently under investigation and the company would be forced to make an announcement.

There are a lot of people saying things that are not only incorrect, but also not possible for several reason. For the most part, the story hasn't change nor has the desire to actually find out the answers. It isn't difficult to find out the truth. When someone refuses to seek out the correct answers, you have to question their reason for commenting, if not sanity and intellect.

The company is faulty in not updating the T&C, listing the certification data on their site, and explaining it clearer on their website. That would quell half of the tinfoil hat stuff or so, but there will always be some that defy logic and reasoning. The company is SO shady they listed their corporate attorney by name, easy enough to contact by anyone.

Is Gold Coins the equivalent of play money and $weeps cash the equivalent of real money? When you sign up they give you 10,000 Gold Coins and $2 $weeps Cash, if I run up my Gold Coin balance, will my $weeps cash balance automatically increase? What are the conversion rates on withdrawals?

basically, if you have 100 $weepsCash you can get a PayPal withdrawal for $100. Gold coins have no real value except to do various challenges to get into games that award $weepsCash

Yes, this is basically right.

The only difference between the gold coins here and play money on pokerstars for example is here, there are challenges you can complete on the play money (gold coins) games that will gain you entry to tournaments that award $weepscash prizes.

Im still confused over this. Why should I or anyone buy gold coins instead of sweaps cash? it seems sweaps cash is the only thing of real value. Is the ability to turn gold coins into sweap cash the same as playing on a site like poker stars? LIke say i play the exact same game on both sites (same cards, players etc) and after 1 hour i made 100.00 playing on Stars would my goldcoin play equal 100 sweapscash LOL? Or do i basically have to accept a lower winrate for the ability to play legal poker. And for the record I cant play on Pokerstars but there are sites that take American players like Betonline.

Hi rommel19540 thanks for getting in touch.

You cannot purchase $weeps Cash, you can only purchase Gold Coins

Gold Coins are purchased by players to be used on our Gold Coin tables. These are virtual chips which you can accumulate them and play with them but they cannot be redeemed for real money.

When purchasing Gold Coins, players are given bonus sweepstakes prizes by way of $weeps Cash. The $weeps Cash can be used to buy into the $weeps Cash tournaments and ring games however any of these that are accumulated or won can be cashed out through PayPal as real cash prizes.

Hope that this helps, please check out the Global Poker FAQ page for more information.

Thanks!

Global has to weave through legality issues, hence the confusing and not overly clear explanations.

You buy gold coins. That is what makes the operation legal. They are largely useless unless you attempt some of the challenges they offer that allow you access into one of the $weepsCash games.

When you buy the gold coins, you also receive an amount of $weepsCash that is equivalent to the dollar value of the purchase. You can click on the tab that says '$weepsCash' in the lobby to get the games were the $weepsCash is used directly to try an win more $weepsCash.

All the mumbo jumbo is just to adhere to the legality of US regulations governing online poker. Since you never actually deposit money on the site, you are not playing for any legal tender in the eyes of the government. You play for $weepsCash, a virtual currency, that has zero value anywhere except on their site. You turn the $weepsCash in when you make a withdrawal and one $weepsCash is equivalent to $1.00.

It is all possible due to the ineptitude of the politicians in trying to get anything accomplished in the US. They present an obstacle course, via regulations, that all the traps are explained clearly and then the general public can almost always find a way to navigate around them safely, like Global did here and other sites like DraftKings, ClubWPT, etc...

150 in $weepsCash is the same as $150.

I made a deposit of 750$ and I got 0 cash!It was last week and they don't even respond on my emails at all!One of the worst experiences I've ever had

Well.....I mean dude....it's in plain English when purchasing the $750 package. It comes with 0 sweeps cash bonus. What are you looking for here? Pity for not being able to read?

Joey hit you up on here, did you ever respond to him?

Can someone explain why you would ever buy the $750 package? This one makes no sense, especially if the Gold Coins have zero cash value.

I am just hearing about this site, but many players at the WSOP Circuit event are saying very good things about it. Please advise.

Nobody with any common sense would. I think it is just there so if anyone questions the legality of the sweepstakes module that GP has, they can point to that particular package and say "look, we do offer packages that don't include sweepstakes." It's a check-in-the-block type thing for them, I'd imagine.

+1

What's the deal with the new player bonus? You get $2, that's it? The gold coins they give you to start are practically worthless?