Re: Poker Bot piece
The fact that poker sites are offshore (and therefore not governed by US gaming agencies) is a a turnoff for me. Bots? Cheating? Etc? Have fun trying to protect your rights (if any) against cheaters. No government agency to turn to. Can't sue (if you can, you won't win against some offshore entity). But some say that poker sites have an incentive to thwart cheaters. I doubt that incentive means much given that they can make more money by marketing to future fish than by cracking down on some cheaters. And what is punishment for cheaters? Prison? Fines? Nope - US law won't assist you. And if a site goes bankrupt for whatever reason (debt, Enron-ish mistakes, etc)? You won't get your money - US law doesn't govern. Think about US banks - they are insured (FDIC) and so on. But your money sitting at a poker site? Zero protection.
Ok, went off on a tangent.
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