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The pols will want regulation which will not prevent these types of incidents.
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I think it could do more than you are thinking. For those following the story, a detailed history of AP user 363 and other "superusers" is critical in determining exactly what fraud took place. For example, we do not know if 363 followed POTRIPPER to his other tables in the 1K tourney. This would be incredibly damning evidence. We do not know if superuser accounts were observing cash game tables where players were apparently cheated. Regulation could provide requirements for the archival of this type of data and more. This data could then be used for restitution, prosecution, etc. Moreover, the knowledge of such an independent archival of this type of data would likely have prevented such a fraud from occurring in the first place.
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AP agrees to 3 party audit
US on-line poker will mean US laws to "protect" the game in the US and since the US is such a large part of the world market like most of the rest of the on-line world.
When there is a dispute or scandal like this it will not be the site operators who decide what needs to be done it will be some future on-line gaming commission or court under regulations written to "stop" these past bad acts in a future regulatory scheme.
Current operators will be judged and to some degree determine how burdensome that regulation will be based on how they handle these issues now.
The weaker their responses are now the less likely and less credible their claims of self regualtion will be taken in the future when those regulations are written.
In effect their actions now are determining how big a rake we all will pay later.
D$D