Quote:
Originally Posted by Garrincha67
From what I read only two bookmakers in the UK protect your funds fully. All the rest including DFS sites have either a basic protection or segregation of funds, which is not a full protection at all. In short, you have no recourse to your funds if matters go wrong and sites become insolvent.
So it is much safer not too leave too much in any site and best to just have small playing money one can afford to lose if the worst happens.
Correct, absolutely no DFS site is protecting player's funds. Most of them keep the funds in segregate accounts, but the accounts are in their names. So if things go wrong, the administrator will have access to the funds and players will just have to wait to see how much they can recover like any other third parties.
It is a good thing that the funds are segregated from operational expenses, but I am laughing out loud when sites, probably with tons of debts, are falsely advertising that the funds are fully safe.
Only option would be to grant fixed and floating charge of the funds to the players, for example via a trust. Sorry if I am missing you but it is an important topic
Last edited by Bigo1_; 08-10-2016 at 07:15 PM.