No P2P Transfers

New Jersey virtual poker scene would not allow the players fund transfer to each other through internet poker software, our sources reported. The state is planning to launch its first legal online poker games on November 26, 2013 at around 9 a.m. The state has already legalized virtual poker in the initial quarter of 2013.

PokerStars, the leading poker site in partnership with NJ internet gambling has requested the state regulators to re-contemplate over the issue but the state did not shift from its stand.

“Rational Group (Full Tilt Poker and PokerStars) suggested introducing an amendment regarding the rules for permission on funds transfer in between patrons, provided the Gaming Division is guaranteed that the site operator would implement limits & carry on checks to ensure complete compliance of the set limits”, reported a document from Gaming Enforcement Division.

The state has rejected the idea stressing –“The find transfer won’t be allowed to prevent collision, money laundering and fraud”.

Much like NJ, Nevada too is strongly against find transfer between the players. 2 years back, Nevada’s former chairman of the Gaming Control Committee said that he did not want internet gaming portals to work as shadow bankers. The concern of the states in not permitting P2P transfers is that a no-restriction on the process would have the players using the sites for circumventing financial institutions. But these transfers are debatably a major component behind success for any internet poker portal. The pro players & those aspiring for the pro status, take part in such transfers with a view to ease staking.

However, the esteemed US gambling agencies might not show interest in bothering about what poker pros feel convenient if that brings risks of legal issues for them. But since internet poker is just in the infancy stage in America, many are hopeful about a lax in the regulations in the future.