A laptop and an internet connection is all you need to feed your wallets! Yes, it is Online Pokerace99 games which have caught our attention. It was initially considered as gambling, but has now grown to provide a stable source of income for many. The shift from traditional “Brick and Mortar” venues for poker to online venues was easy as the latter required lesser overhead costs. Online poker provides the player with the option of playing with the smallest stakes possible, or with the highest stakes that you can find.
The first website to provide real money games was Planet Poker in 1998. Initially, it consisted of tournaments called satellites which were used as a medium for players to gain entries to real life poker tournaments. The Pokerace99 boom was triggered by the World Poker Series in 2003. The first and the largest cardroom, ParadisePoker.Com was acquired by the world’s largest publicly traded online company called SportingBet in 2004 marking the first time an online card game was owned by a public Company. Further, the listing of these sites on stock exchanges has provided the users with a mark of confidence with regard to the authenticity of the website. The Coronavirus pandemic has given rise to a massive rise in online poker traffic as live poker platforms have been shut down indefinitely.
The North Dakota House of Representatives passed a bill in February 2005 to legalize online poker games and to provide for its regulation. However, it was declined under the pretext that it may be illegal and might violate laws relating to online gaming. In the case of U.S Vs. Scheinberg et al., The FBI shutdown 3 major poker websites and seized their bank accounts. The defendants were charged with bank fraud, money laundering and violation of gambling laws. This action of the State was criticized by gaming experts with regard to the fact that online gaming was not a crime and that it should not be treated as such. The first interstate poker agreement was signed between Nevada and Delaware which allowed online poker players to play for money against each other.
Currently, there has been a question of whether poker can be considered as a game of skill. It is a relatively new game in India but it has been able to engage nearly 50 lakh players around the country. All the platforms in the country experience high footfalls when there are any tournaments being conducted. A 1967 judgement of the Supreme Court stated that rummy is a game of skill and can be played in clubs. Currently, all the online poker websites have been operating on the pretext that they are on the right side of the law.