Doug Polk Has No Sympathy for PPA and Lack of Funds

doug-polk-cryptocurrencyThe Poker Players Alliance (PPA) is low on funds and in danger of folding. As I reported last month, they need to raise $25,000 or risk of becoming extinct.

$25k isn’t much money when compared to what a regulated US online poker industry can bring in. But it also seems that some people have lost interest in the PPA’s fight for legalized poker.

High stakes poker pro and current cryptocurrency enthusiast Doug Polk is one of those who question the PPA’s fundraising efforts. Specifically, he feels that the organization leans too far to the benefit of PokerStars.

Here’s his tweet on the matter:

“The @ppapoker desperately needs money and might collapse. I’d feel better trying to help if these weren’t some of the same people who lobbied AGAINST online poker in California 2 years ago. Why’d they do that? It would’ve shut out PokerStars from the market if passed.”

Polk Still Unhappy about PokerStars Raising Rake

Doug Polk has been unhappy with PokerStars ever since they changed their rewards program and increased rake in 2016. Stars thinks that these changes were necessary in an evolving online poker world. But Polk feels that PokerStars screwed over their customers.

The tweet clearly shows that he doesn’t like how the PPA is only willing to support legal California online poker if Stars is involved.

It’s unclear whether or not the PPA’s lobbying efforts (or lack thereof) are really the reason why legal internet poker failed in the Golden State. Tribal gaming interests, which have a powerful voice in the state, also want PokerStars out under the “bad actor clause.”

In any case, Polk dislikes the fact that they didn’t support legal internet poker efforts when PokerStars wasn’t included in the plans.

PPA Efforts Have Resulted in Little So Far

I’m sure that the PPA is working hard to lobby US gov’t officials to expand online poker. But their efforts have produced few results so far, with only Delaware, New Jersey, Nevada, and Pennsylvania legalizing the game.

More than anything, the lack of progress is hurting the PPA’s ability to get funding. Again, $25k isn’t a tremendous amount compared to what the regulated online poker industry could be worth. But it’s also hard to see many players having faith right now with so few states involved.

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