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The thread with the Sweepstakes debate The thread with the Sweepstakes debate

03-11-2018 , 10:35 PM
Quote:
Originally Posted by yellowfever
I hear ya man.

May i ask you. How much did you lose?

Spoiler:
My guess is about 350
HAHA!!!

03-11-2018 , 11:04 PM
Quote:
Originally Posted by The Agnoostic
From your link:

“A sweepstakes is a legal contest or game where anything of value is distributed by lot or chance.” (from USLegal.com)

Mkay, so now instead of randomly dealing cards i.e. regular poker, it's still random but somehow it's.... predetermined? If a player is chosen at random to win a hand, what is the incentive to not just.... have it be poker?

Makes zero sense.
03-11-2018 , 11:06 PM
we have until global is worth enough for the US to file a civil suit. if you lived through black friday youd know this. not complicated
03-12-2018 , 12:33 AM
Quote:
Originally Posted by Last Laugh
From your link:

“A sweepstakes is a legal contest or game where anything of value is distributed by lot or chance.” (from USLegal.com)

Mkay, so now instead of randomly dealing cards i.e. regular poker, it's still random but somehow it's.... predetermined? If a player is chosen at random to win a hand, what is the incentive to not just.... have it be poker?

Makes zero sense.

This really is not hard to figure out is it?

I see a market in the USA . I have computer web based software that is sweepstakes based . It has the look and feel of real online poker.

I market this product on FACEBOOK. Not on television . I run some ads in Poker Magazines . I say online poker is back in America but just one small glitch . You have to buy these worthless gold coins to play with sweeps cash. I say its only to skirt US LAW when in reality its to fool you into thinking you are playing a real game .

I need regular players to vouch for my game and that's why I market in poker mags and right here at 2+2 . I know I cant give hand histories because that will prove how absurd the math is skewed. So I say we don't give HH or use HUDS because we don't want to intimidate the Rec players.


Don't you see there is not special patent for this software . Why you ask? I can buy the same stuff online and run it. I said it before . They have you all snowballed with a mirage of something you want . I wanted it to be true also . Yet its not.
03-12-2018 , 08:47 AM
Quote:
Originally Posted by The Agnoostic
This really is not hard to figure out is it? ....
It isn't, but yet most people with a little bit of information come to comical conclusions.

How do you have the ability to search for sweepstakes software, but not the one that Global actually uses.

http://www.cubeia.com/cubeia-poker/

You said you had a 'hunch' it was sweepstakes model, wonder if that could be true, go all the way down the faq section to #1 where the answer is deceptively hidden.

https://globalpoker.com/page/faq

Looking for clarification if Global sends out or has to send out 1099s?

https://forumserver.twoplustwo.com/s...36&postcount=3

https://www.irs.gov/

The claim that it is actually random.....

http://itechlabs.com.au/certificates...a_15022017.pdf

https://www.programmingalgorithms.co...rsenne-twister

If you actually want to know the answers to your questions

https://www.asx.com.au/asxpdf/201601...wkvqbww4kk.pdf

http://www.internetlibrary.com/statuteitem.cfm?Num=17

https://www.federalreserve.gov/bankinforeg/regggcg.htm

that would explain in detail and specifically answer the questions of what is and is not the sweepstakes model and what is social poker in the company.

Sweepstakes synopsis

http://www.kleinmoynihan.com/underst...eepstakes-law/

http://files.ali-aba.org/thumbs/data...nett_thumb.pdf


The last two will be pointless if you don't take the time to read the prospectus, fully. Otherwise, you will claim that the $weepsCash games fall under the auspices of a sweepstakes.

If all else fails, you could always contact their attorney and ask for clarification. I agree, it is not that hard, but most people look at random issues and then conflate it to another in a flailing attempt at proving something. It really isn't hard at all, especially since I even provided email addresses and phone numbers.

To put the inevitable 'shill' nonsense to bed, like Roadkill said was so obvious, when I found out they were public I looked into them as far as an investment goes. They were doing a reverse merger, see prospectus, and I think poker would be a very profitable public company. I am a partner in a fund and we cannot risk not having a complete profile with full due diligence on a company prior to spending a penny. We have analyst/research department in-house that looked into it and at the far end of the hall, fortunately, is our legal counsel. He received and passed on his legal opinion and that is it. We use the file in case a company blows up and we were to get sued. Attorneys do not issue legal opinions without doing a full due diligence. If we act on their opinion and it is bogus, we sue the hell out of them and they risk losing their license. Before this creates any 'lookie here' moment, we did not invest in VGW for several reason none of which were related to credibility or legality.

As I have said before, it is amusing to think that some random internet forum member has some 'ah ha!' moment that legal departments across many entities have missed. The answers are out there. The end result often extinguishes the torches of the witch hunt.
03-12-2018 , 10:45 AM
Quote:
Originally Posted by a dewd
It isn't, but yet most people with a little bit of information come to comical conclusions.

How do you have the ability to search for sweepstakes software, but not the one that Global actually uses.

http://www.cubeia.com/cubeia-poker/

You said you had a 'hunch' it was sweepstakes model, wonder if that could be true, go all the way down the faq section to #1 where the answer is deceptively hidden.

https://globalpoker.com/page/faq

Looking for clarification if Global sends out or has to send out 1099s?

https://forumserver.twoplustwo.com/s...36&postcount=3

https://www.irs.gov/

The claim that it is actually random.....

http://itechlabs.com.au/certificates...a_15022017.pdf

https://www.programmingalgorithms.co...rsenne-twister

If you actually want to know the answers to your questions

https://www.asx.com.au/asxpdf/201601...wkvqbww4kk.pdf

http://www.internetlibrary.com/statuteitem.cfm?Num=17

https://www.federalreserve.gov/bankinforeg/regggcg.htm

that would explain in detail and specifically answer the questions of what is and is not the sweepstakes model and what is social poker in the company.

Sweepstakes synopsis

http://www.kleinmoynihan.com/underst...eepstakes-law/

http://files.ali-aba.org/thumbs/data...nett_thumb.pdf


The last two will be pointless if you don't take the time to read the prospectus, fully. Otherwise, you will claim that the $weepsCash games fall under the auspices of a sweepstakes.

If all else fails, you could always contact their attorney and ask for clarification. I agree, it is not that hard, but most people look at random issues and then conflate it to another in a flailing attempt at proving something. It really isn't hard at all, especially since I even provided email addresses and phone numbers.

To put the inevitable 'shill' nonsense to bed, like Roadkill said was so obvious, when I found out they were public I looked into them as far as an investment goes. They were doing a reverse merger, see prospectus, and I think poker would be a very profitable public company. I am a partner in a fund and we cannot risk not having a complete profile with full due diligence on a company prior to spending a penny. We have analyst/research department in-house that looked into it and at the far end of the hall, fortunately, is our legal counsel. He received and passed on his legal opinion and that is it. We use the file in case a company blows up and we were to get sued. Attorneys do not issue legal opinions without doing a full due diligence. If we act on their opinion and it is bogus, we sue the hell out of them and they risk losing their license. Before this creates any 'lookie here' moment, we did not invest in VGW for several reason none of which were related to credibility or legality.

As I have said before, it is amusing to think that some random internet forum member has some 'ah ha!' moment that legal departments across many entities have missed. The answers are out there. The end result often extinguishes the torches of the witch hunt.
-1

This post utilizes facts and logic, and is therefore out of place in this discussion. Please post in the Philosophy Forum instead. Thanking you in advance.
03-12-2018 , 11:12 AM
Awesome thread. Thanks a dewd for all of your time and input, you will undoubtedly help some that do not understand the GP format and the U.S. legality of such.

(But not some individuals too thick headed to read factual information)
03-12-2018 , 12:12 PM
So I agree that Global is operating legally as the law stands now. Is it possible that the fed gov't could add a provision eventually to make specifically poker/casino sweepstakes illegal?
03-12-2018 , 12:22 PM
Quote:
Originally Posted by quaid745
So I agree that Global is operating legally as the law stands now. Is it possible that the fed gov't could add a provision eventually to make specifically poker/casino sweepstakes illegal?
100%. The 1st Amendment can be amended in theory. The same model/setup Global uses is like Publishers Clearing House, McD Monopoly game, etc... You can request free participation or buy something and get game/contest credits. Any changes would have to be very careful specific to poker game and somehow not include any other game. It is definitely possible, but not probable due to all the legal wrangling necessary to exclude all but Global. Any attempt to be inclusive of all gaming contests would include McD and PCH. They have all the money in the world to have their own attorneys fight

Cheaper for them to find a way for them to tax, lien, and obtain seizure rights.
03-12-2018 , 04:36 PM
Quote:
Originally Posted by a dewd
It isn't, but yet most people with a little bit of information come to comical conclusions.

How do you have the ability to search for sweepstakes software, but not the one that Global actually uses.

http://www.cubeia.com/cubeia-poker/

You said you had a 'hunch' it was sweepstakes model, wonder if that could be true, go all the way down the faq section to #1 where the answer is deceptively hidden.

https://globalpoker.com/page/faq

Looking for clarification if Global sends out or has to send out 1099s?

https://forumserver.twoplustwo.com/s...36&postcount=3

https://www.irs.gov/

The claim that it is actually random.....

http://itechlabs.com.au/certificates...a_15022017.pdf

https://www.programmingalgorithms.co...rsenne-twister

If you actually want to know the answers to your questions

https://www.asx.com.au/asxpdf/201601...wkvqbww4kk.pdf

http://www.internetlibrary.com/statuteitem.cfm?Num=17

https://www.federalreserve.gov/bankinforeg/regggcg.htm

that would explain in detail and specifically answer the questions of what is and is not the sweepstakes model and what is social poker in the company.

Sweepstakes synopsis

http://www.kleinmoynihan.com/underst...eepstakes-law/

http://files.ali-aba.org/thumbs/data...nett_thumb.pdf


The last two will be pointless if you don't take the time to read the prospectus, fully. Otherwise, you will claim that the $weepsCash games fall under the auspices of a sweepstakes.

If all else fails, you could always contact their attorney and ask for clarification. I agree, it is not that hard, but most people look at random issues and then conflate it to another in a flailing attempt at proving something. It really isn't hard at all, especially since I even provided email addresses and phone numbers.

To put the inevitable 'shill' nonsense to bed, like Roadkill said was so obvious, when I found out they were public I looked into them as far as an investment goes. They were doing a reverse merger, see prospectus, and I think poker would be a very profitable public company. I am a partner in a fund and we cannot risk not having a complete profile with full due diligence on a company prior to spending a penny. We have analyst/research department in-house that looked into it and at the far end of the hall, fortunately, is our legal counsel. He received and passed on his legal opinion and that is it. We use the file in case a company blows up and we were to get sued. Attorneys do not issue legal opinions without doing a full due diligence. If we act on their opinion and it is bogus, we sue the hell out of them and they risk losing their license. Before this creates any 'lookie here' moment, we did not invest in VGW for several reason none of which were related to credibility or legality.

As I have said before, it is amusing to think that some random internet forum member has some 'ah ha!' moment that legal departments across many entities have missed. The answers are out there. The end result often extinguishes the torches of the witch hunt.
I hope my posts are not coming off as argumentative, they are not meant to be. I'm just trying to get as much info as I can before playing there.

To your post above concerning anyone on the internet thinking they found something a highly paid legal team didn't, I feel like Fanduel and Draftkings had highly paid legal teams and still managed to get shutdown in a number of states before striking a deal to get back in those states. Legal teams can make mistakes.

Second, throw out the legality issue and just assume it is perfectly legal, it's HOW they get to be legal that is concerning to me. I'm not a tinfoil hat wearer, but I have surely seen some things that need explaining away around the way the cards hit more often than seems legit.

I'm among those that hopes it is all on the up and up, but risking a less than random shuffle, potentially having funds locked up and potentially losing your PayPal account seems like too much to risk on a "sweepstakes model" that is possibly too good to be true.
03-12-2018 , 04:39 PM
I wonder what it would take for a rep from Global to come in and answer some of these questions/concerns?
03-12-2018 , 05:16 PM
Quote:
Originally Posted by Pensfan
I hope my posts are not coming off as argumentative, they are not meant to be. I'm just trying to get as much info as I can before playing there.

To your post above concerning anyone on the internet thinking they found something a highly paid legal team didn't, I feel like Fanduel and Draftkings had highly paid legal teams and still managed to get shutdown in a number of states before striking a deal to get back in those states. Legal teams can make mistakes.

Second, throw out the legality issue and just assume it is perfectly legal, it's HOW they get to be legal that is concerning to me. I'm not a tinfoil hat wearer, but I have surely seen some things that need explaining away around the way the cards hit more often than seems legit.

I'm among those that hopes it is all on the up and up, but risking a less than random shuffle, potentially having funds locked up and potentially losing your PayPal account seems like too much to risk on a "sweepstakes model" that is possibly too good to be true.
Yeah, I'd have the same apprehensions as many others do if we did not have it torn apart from the standpoint of investing. A signed off legal opinion giving us the green light is off far greater weight than any random comment or hunch for me personally. I have an interest in the I dustry and would like to get involved on the inside, but every off-shore option we were shutdown on. Global was okayed, but too small market value for us to invest in, so we have nothing but a fancy file.

I'm certainly open to there being issues, but I don't give any credence to ones without valid arguments or easily disproved. The only area I think I have a definitive edge on here is research ability. I would be surprised if more than a handful can fully comprehend a prospectus, most brokers that circulate then don't, let alone a layman investor.

Draft Kings and FanDuel had similar but different issues. Some AGs claimed they were worried about the effect in problem gamblers. That concern disappeared after doughboy Cuomo signed a piece of paper. Gamblaholics are still at the same risk, but NY is getting paid, all heart. That aside, the argument was inside of the sweepstakes law if needing something of value to enter and requiring no skill. Lawyers argued, rightly so, that there is considerable skill needed to achieve success in fantasy sports, knowledge being a required skill. NY claimed it was an illegal gambling operation while it is clearly not in a legal sense.

Shutting Global would require very tight legislation and I don't think politicians are capable of that level of cognitive ability. Wide spanning legislation would include other much much larger companies. Besides, they can also go directly to Facebook and PayPal to get a pretty good inside view of activity. Neither of those companies gave the slightest interest in taking any risk for another company.

Like any site, limit your exposure and do what is comfortable. They make withdrawals easy so no need to really build up too much bank on site.

Global did answer all these questions many months ago, not sure if they will do it again. Although, they posted the RNG certification and that hasn't swayed any of the doubters/riggies. To be fair, every site on 2+2 with a thread has a bunch if doubters, riggies, and tinfoil hat wearing people. No matter what Global says, some will always question it. The one thing to remember when considering their actions/motives is, we (2+2 crowd) are not their primary marketing target. The Zynga poker crowd is, FB marketing, so the lower games will be filled with people that click call and have disabled fold buttons.
03-12-2018 , 05:51 PM
Appreciate the response.
03-13-2018 , 09:01 PM
"IS GLOBAL POKER LEGAL?

We are pleased to announce that Global Poker is the first social poker site that offers a safe and secure cash out of winnings to players in the US. We are a leading poker site that offers a unique Sweepstakes model which has been approved by high profile companies such as Facebook and PayPal. These companies have conducted their own due diligence on our $weepstakes Model."

Do you notice the word "yes" missing?

They are banking on their association with Facebook and PayPal to convince everyone that they are legit. Well, since they are not in violation of federal law, those 2 companies will not be penalized for whatever happens to Global. State law is another matter. It is states that decide what is a sweepstakes and what is a gamble.

I hope all you pro-global guys keep building that bankroll LOL. Like I said, I do study law, and I do know lawyers. They are just itching to make a buck off of this site.

For the record, I have not played online poker since Black Friday, so no, I have not lost anything with Global.

Good luck guys. These shills are easy to spot, I hope you don't think their persistence in siding with Global means anything. A legal team that gets paid by Global means nothing. Sh*t will hit the fan eventually.
03-13-2018 , 09:10 PM
Having read posts by a dewd and Buzzkill McGee, I'd say one of these guys is making logical arguments with lots of back up info, and the other is standing on a corner yelling at clouds...
03-13-2018 , 10:09 PM
I have posted state laws that they are clearly violating. I even posted their own answer about their legality posted in their FAQ. They do not even claim to be legal, they just say, well Facebook and PayPal takes our money for services so we must be legit. A dewd keeps referring to Golbal's legal team as if a lawyer can't make mistakes. Or referring to the same marketing as Global by pointing to PayPal's acceptance. You believe what you want. I could post state law after state law and you pro-Global guys will continue to repeat the same garbage Global themselves is selling. Oh but PayPal, oh but their legal team. Yeah lol good luck.
03-13-2018 , 10:25 PM
I couldnt imagine not playing online poker since Black Friday but yet still spending my time on a 2+2 poker site sponsored sub forum to debate this stuff. Gotta be lonely in that basement!
03-14-2018 , 02:27 AM
Quote:
Originally Posted by a dewd
It isn't, but yet most people with a little bit of information come to comical conclusions.

How do you have the ability to search for sweepstakes software, but not the one that Global actually uses.

http://www.cubeia.com/cubeia-poker/

You said you had a 'hunch' it was sweepstakes model, wonder if that could be true, go all the way down the faq section to #1 where the answer is deceptively hidden.

https://globalpoker.com/page/faq

Looking for clarification if Global sends out or has to send out 1099s?

https://forumserver.twoplustwo.com/s...36&postcount=3

https://www.irs.gov/

The claim that it is actually random.....

http://itechlabs.com.au/certificates...a_15022017.pdf

https://www.programmingalgorithms.co...rsenne-twister

If you actually want to know the answers to your questions

https://www.asx.com.au/asxpdf/201601...wkvqbww4kk.pdf

http://www.internetlibrary.com/statuteitem.cfm?Num=17

https://www.federalreserve.gov/bankinforeg/regggcg.htm

that would explain in detail and specifically answer the questions of what is and is not the sweepstakes model and what is social poker in the company.

Sweepstakes synopsis

http://www.kleinmoynihan.com/underst...eepstakes-law/

http://files.ali-aba.org/thumbs/data...nett_thumb.pdf


The last two will be pointless if you don't take the time to read the prospectus, fully. Otherwise, you will claim that the $weepsCash games fall under the auspices of a sweepstakes.

If all else fails, you could always contact their attorney and ask for clarification. I agree, it is not that hard, but most people look at random issues and then conflate it to another in a flailing attempt at proving something. It really isn't hard at all, especially since I even provided email addresses and phone numbers.

To put the inevitable 'shill' nonsense to bed, like Roadkill said was so obvious, when I found out they were public I looked into them as far as an investment goes. They were doing a reverse merger, see prospectus, and I think poker would be a very profitable public company. I am a partner in a fund and we cannot risk not having a complete profile with full due diligence on a company prior to spending a penny. We have analyst/research department in-house that looked into it and at the far end of the hall, fortunately, is our legal counsel. He received and passed on his legal opinion and that is it. We use the file in case a company blows up and we were to get sued. Attorneys do not issue legal opinions without doing a full due diligence. If we act on their opinion and it is bogus, we sue the hell out of them and they risk losing their license. Before this creates any 'lookie here' moment, we did not invest in VGW for several reason none of which were related to credibility or legality.

As I have said before, it is amusing to think that some random internet forum member has some 'ah ha!' moment that legal departments across many entities have missed. The answers are out there. The end result often extinguishes the torches of the witch hunt.
https://www.irs.gov/forms-pubs/about-form-1099misc

Yes they do have to send out 1099s. You do not get to skirt American law because you are a foreign company. You keep listening to everyone but the government.
03-14-2018 , 02:32 AM
Quote:
Originally Posted by yellowfever
I couldnt imagine not playing online poker since Black Friday but yet still spending my time on a 2+2 poker site sponsored sub forum to debate this stuff. Gotta be lonely in that basement!
Actually I was doing research on my presentation for a class and this was the first thread that pops up in "global poker legal" on google search. Presentation is on gray area businesses. I am also presenting on Michigan Medical Marihuana dispensaries. I have to pick 2 business models that look like they could be shut down by trying to circumvent the law.

You obvious have nothing of substance to add to the conversation. At least the dewd is trying.
03-14-2018 , 02:42 AM
Quote:
Originally Posted by BuzzKill_McGee
Actually I was doing research on my presentation for a class and this was the first thread that pops up in "global poker legal" on google search. Presentation is on gray area businesses. I am also presenting on Michigan Medical Marihuana dispensaries. I have to pick 2 business models that look like they could be shut down by trying to circumvent the law.

You obvious have nothing of substance to add to the conversation. At least the dewd is trying.
+1

Keep at it . The fan boys gonna fan
03-14-2018 , 02:56 AM
From the prospectus that you think no one understand but you, Dewd. I already have a business degree, I happen to be working on my 2nd, a J.D.

VGW’s operations are subject to applicable laws and regulations in the jurisdiction in which it operates. Users, competitors, members of the general public or regulators could allege breaches of legislation in the relevant jurisdictions (for example, if an advertisement was considered to be misleading or deceptive). This could result in remedial action or litigation, which could potentially lead to the Company being required to pay compensation or a fine or cease business altogether. The Company takes legal advice on each of the jurisdictions in which it operates but there can be no guarantee that the legal advice will always be valid or will remain valid in the event of any change to the regulatory environment. In the event that the advice is incorrect or no longer applicable then the Company may have to cease operations until such time as it is satisfied that its operations are legal in the relevant jurisdiction.

Last edited by BuzzKill_McGee; 03-14-2018 at 03:23 AM.
03-14-2018 , 03:07 AM
One more for the dewd from that last link in your long line of links

"The Consideration Question
State legislatures and courts apply varying rules to determine what is consideration. Valuable consideration generally requires parting with cash or something of marketable value. This is the majority view and the modern view among states. A minority of states, however, apply the view that any benefit to the promoter is consideration."

http://files.ali-aba.org/thumbs/data...nett_thumb.pdf

I rest my case, your honor.

Last edited by BuzzKill_McGee; 03-14-2018 at 03:26 AM.
03-14-2018 , 03:33 AM
Quote:
Originally Posted by BuzzKill_McGee
I have posted state laws that they are clearly violating. I even posted their own answer about their legality posted in their FAQ. They do not even claim to be legal, they just say, well Facebook and PayPal takes our money for services so we must be legit. A dewd keeps referring to Golbal's legal team as if a lawyer can't make mistakes. Or referring to the same marketing as Global by pointing to PayPal's acceptance. You believe what you want. I could post state law after state law and you pro-Global guys will continue to repeat the same garbage Global themselves is selling. Oh but PayPal, oh but their legal team. Yeah lol good luck.
What state court has ruled that Global is "clearly violating" their states laws? Until a court rules otherwise, Global hasn't "violated" anything.
03-14-2018 , 03:37 AM
Quote:
Originally Posted by The Agnoostic
+1

Keep at it . The fan boys gonna fan
If "fan boys"="people who use facts and logic", then, hopefully, they'll keep fanning.
03-14-2018 , 03:40 AM
Quote:
Originally Posted by lagtight
What state court has ruled that Global is "clearly violating" their states laws? Until a court rules otherwise, Global hasn't "violated" anything.
By your logic, a drug dealer isn't violating the law until caught and charged AND found guilty. Genius.

      
m