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.