Re: FT Bot refund rumor.
The only scandal about rigging or cheating that concerns me is the Absolute Poker one. But I doubt that any regulation can really prevent this type of cheating. I do agree that it might ease concerns of the average player.
Which is why I am, in general, dubious of regulation. Regulation convinces the average consumer that he is safe. The corporate cheater takes advantage by violating the regulation. Then the average consumer suffers more than if the regulation had never existed and the average consumer was more wary. See Enron, various broker firms etc. corporate scandals. Then more regulation occurs to allegedly make cheating more difficult. This raises the cost of doing business for everyone with little real result.
Thus, I think that the less regulation of online poker the better.
|