Quote:
Originally Posted by murph8788
I really hope you're not a lawyer. Once again the dumbest argument I've ever heard. Both are illegal. It doesn't matter the extent of the illegality. Multiaccounting is illegal and scummy in poker. Insider trading is illegal and scummy in finance. Hence the word ANALOGY
It's a very poor analogy.
Insider trading is a vague and ill defined term, and many economists have argued that it should not be illegal as it's beneficial for other market participants.
The SEC has resisted strictly defining insider trading because they want to cast as wide a net as possible for anything they regard as malfeasance. For example, at one point they claimed if while on a trip you looked out the window of your plane as it was landing and saw a key factory for IBM explode, that you would be committing "insider trading" if you hopped on a phone right then and shorted IBM before this "material information" became "public".
Economists would argue that you shorting IBM helps all buyers of IBM who don't know about the explosion. They would be getting ripped off, your shorting of IBM saves them money by pushing it's price closer to it's real value. An economist would then ask, whats different between that and an employee doing the same, even the CEO? The only difference is that employees should have agreements with the company that restrict their ability to trade on inside information, and that is a contract matter for the company to enforce, not the SEC.
Multi-accounting is an entirely different activity. It's not beneficial for other participants in any way that I can see, only the multi-accounter.
But the reason multi-accounting is not allowed is to protect players who have collected huge databases on their opponents, so they can mass multi table with the biggest edge possible and gut fish as quickly as possible. This behavior makes the games on Stars suck, so I kind of find it ironic that it's viewed as "ethical" and needing protection from multi-accounters.
Multi-accounting would never be a problem if Stars would allow players to play anonymously, or at least change their screen-names regularly. Then players would be forced to actually build reads in real time on their opponents, and there would be no incentive to use another players account.
The only problem with entirely anonymous tables means you are totally dependent upon site security to detect cheating such as collusion, which is clearly an issue on Bovada. But if the site just released full hand histories with account names after the player has left the table it would probably solve the problem.