Is pokerstars legit
This is a common question as there are many players who are not aware of how safe is the poker stars platform. The main reason behind this is because, the majority of people think that poker stars is very dangerous and full of scams. However, this couldn?t be farther from the truth.Poker stars has been around for more than 15 years at this point. The company has developed a reputation as a safe place to play because they offer many security and protection features to their players. This includes providing an industry leading support team, creating fair and regulated tournaments and offering generous promotions and bonuses to their customers.Because of these factors, I would recommend anyone interested in playing on this platform, to sign up as soon as possible. You can do so through any of the following links, 20$ free chip http://www2.pokerstars.com/chips/?ID=CHFPEN&CMP=COLLECTION_1116201510$ Free Chip http://www2.pokerstars.com/chips/?ID=CHFPEN10&CMP=COLLECTION_1116201520$ Free Chip http://www2.pokerstars.com/chips/?ID=CHFPEN20&CMP=COLLECTION_11162015
Is PokerStars legal in the US?
It is legal for US players to play at PokerStars from within the United States. However, there are some restrictions on US players playing at PokerStars.US players may only participate in real money tournaments that are available to US players and that take place in Europe. In order to participate in these tournaments, US players must make use of a bank intermediary. This is a service provided by PokerStars that allows US players to make regular deposits into their accounts while they are outside of the country.US players may also play heads-up games against other US players or against European players at any time. However, they may not play against non-US online poker players or real money game tables situated in other countries.Furthermore, US players are prohibited from cashing out winnings or receiving any compensation for playing at PokerStars from within the United States. This includes winnings from tournament buy-ins or bounties paid out as part of tournament promotions. Any winnings that US players earn from playing at PokerStars must be sent out of the country and then transferred into their bank accounts outside of the United States from there.
How does PokerStars payout?
They payout their players monthly and it takes 4-5 business days for the payments to be reflected.PokerStars payout are as follows:- $1M = 100% up to $600, $60K every 2 months, $30K every 3 months and $10K every 4 months- $600k = 96% up to $350, $60K every 2 months, $30K every 3 months and $10K every 4 months- $350k = 90% up to $300, $60K every 2 months, $30K every 3 months and $10K every 4 months- $300k = 85% up to $250, $60K every 2 months, $30K every 3 months and $10K every 4 months- Above is always subject to change as per Pokerstars needs.
Why did PokerStars get shut down?
In 2013 PokerStars was ordered by the UK?s gambling commission to pay ?3.9 billion in backdated and unpaid taxes. They were also ordered to pay ?1.4 billion in fines. At the same time, the players who had funds with the site were asked to put them into an escrow account. The total sum put in escrow was ?839 million. The players were promised that they would get their money back in four weeks, however it has now been more than six years, and they have yet to receive all of their funds back, with players saying they have no where near enough money to recover from this situationTo make things worse, PokerStars employees were using inside knowledge about the impending shut down of the company and the financial disaster it was about to become, predicting a liquidity crisis and pressure on resources prior to the actual events taking place; and then profiting from it in a massive pump and dump scenario that drove up the price of their own shares (and thus greatly increasing your own losses). This was all documented in a report released by PokerStars which showed that if you believe them from your own self-interests.