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Poker News | World Poker News

PokerStars Player Protection Plan

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PokerStars has a plan to protect player funds:

“The security of player accounts and the integrity of online poker play are fundamental to the ongoing and future success of the industry,” said PokerStars CEO Gabi Campos. “We are pleased to partner with the thought-leaders in European regulation to establish an industry-wide standard for ensuring player funds are protected.”

By using an independent, third-party trustee, PokerStars will provide insurance for poker player accounts in France and there will be other newly-regulated markets to follow. Financial Services Authority will be the fund manager that oversees and regulates player funds. The accounts are held in regulated banks by the appointed manager with funds at least equal to the outstanding amounts held for players.

Regulators in additional European markets like Italy, Spain, and Belgium are part of PokerStars standard for the gaming industry as they work closely with regulators to extend PokerStars French Player Protection Plan Europe wide.

"We have developed a unique structure that is ideal for the newly regulating markets," added Campos. "We hope that all responsible licensing authorities will ultimately insist that online gaming companies maintain the full amount of customers’ funds in fully segregated, independently managed accounts.”

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