Chris Krafcik Talks Full Tilt Poker, California Poker and the Federal Legislative Front

Written by:
C Costigan
Published on:

Speaking as part of the Quadjacks.com 24 hour live podcast marathon leading up to a critical hearing to determine the fate of Full Tilt Poker Tuesday, Chris Krafcik, an independent research analyst working for gambling industry consultancies and publishers, claimed FTP could be “too tainted” for a rumored European investment group to take over assets. 

Owners are indicted, but assets of FTP haven’t been seized. However, there could be risk for an investor in buying the “good assets”. They could still be tainted by impending litigation, but it’s hard to say for sure.

The hearing is scheduled for 10 am London time Tuesday (July 26, 2011).  No customers have been paid by Full Tilt Poker since the Alderney Gambling Control Commission (AGCC) pulled the company’s license on June 29.  US players have been waiting for payouts since April 15, essentially the reason for the AGCC decision.  Full Tilt’s co-founders were indicted and charged with money laundering and bank fraud by the US Justice Department on that date. 

Krafcik also expressed hope that the US federal government stands a better chance than ever of legalizing online poker.

Advertisement:  The William Hill 1250 Euro Bonus is Only Available for a Limited Time and That Time is Running Out in the Next Few Days.  US Customers Prohibited  Go Here to Learn More

From the Quadjacks.com cliff notes:

* Federal legislation looking interesting for a change. Clear alignment between two powerful Senators (Reid/Kyl). Agree that online poker should be legal and regulated. Lobbyists describe their joint letter as a “trust-building exercise”.

* The (Joe) Barton bill is not going anywhere, and was never expected to. It was just made to show Reid that there was, and could be, bipartisan support for internet poker. Krafcik has been told this by numerous sources.

And finally, in regard to California becoming the first state to legalize Internet poker, Krafcik says “don’t count on it”.

He claimed that the California poker legislation not really going anywhere, not much time left in the session. Top lobbyists say it won’t happen this year.

- Chris Costigan, Gambling911.com Publisher

Poker News

Poker News: Americas Cardroom is Giving Away 18 Tickets to Million Dollar Weekend

The Friday and Saturday mega event coincides with Americas Cardroom turning 21, which in poker terms equates to an ace. 

Poker Pro Cory Zeidman Arrested in Connection to $25 Million Sports Betting Scheme

Poker Pro Cory Zeidman Arrested in Connection to $25 Million Sports Betting Scheme

The 61-year-old professional poker player was charged Wednesday morning in Florida with placing radio ads to “lure victims to retain [his] organization for sports betting advice”, promising that “privileged information” meant that the bettors would have no risk.

Matusow Defends Negreanu Over Sexual Misconduct Claims

Matusow Defends Negreanu Over Sexual Misconduct Claims

“What this woman said is just lies,” Matusow said. “Daniel would never ever act like that towards a woman poker player. He told me if he was staring at her it was just to get reads, not because he wanted to f*** her.”

Punta del Este Main Satellite Announced for July (2022)

This is your chance to win a $4,500 dream poker vacation to compete in a Live Event in an exotic location!

Negreanu Chimes in on Depp-Heard Trial: Justice for Johnny, Amber a Liar

Negreanu Chimes in on Depp-Heard Trial: Justice for Johnny, Amber a Liar

In regard to Amber, who claimed she was abused by Depp, Negreanu asks: "Does anyone believe if she had these injuries that she wouldn’t have taken a single picture at any point? It’s not plausible or believable to me at all considering how much she documented during the relationship."