IS GLOBAL POKER LEGAL?
We are pleased to announce that Global Poker is the first social poker site that offers players in the US and Canada (excluding Quebec) the opportunity to win cash prizes
We are a leading poker site that offers a unique Sweepstakes model which has been approved by the world’s leading social media networks and payment processors. These companies have conducted their own due diligence on our $weepstakes Model.
WHO IS GLOBAL POKER?
Global Poker is operated by VGW GP Limited and the sweepstakes promotions and prizes ($weeps Cash™ Games) offered at Global Poker are operated by VGW RMG Malta Limited and regulated by the Malta Gaming Authority. Both VGW GP and VGW RMG Malta are subsidiaries of VGW Holdings Limited, a public company incorporated in Australia in 2010.
Global Poker aims to be a leading poker room bringing fun and excitement to poker players globally. Our initial focus is on the US, “the home of Poker” and Canada, but we intend to expand globally very soon, making Global Poker truly Global!
IS GLOBAL POKER THE ONLY GAMING COMPANY TO USE SWEEPSTAKES PRIZES?
No, gaming companies offering sweepstakes with prizes is nothing new. There have been, and still are, many companies offering sweepstakes with prizes.
WHAT ARE “SWEEPSTAKES”?
Sweepstakes are trade promotions with prizes. They promote additional sales through prize giveaways and have been used for decades, worldwide.
HOW DOES GLOBAL POKER’S SWEEPSTAKES MODEL WORK?
Global Poker, sells virtual currency (Gold Coins). These are virtual chips which you can accumulate and play with, but they cannot be redeemed for real money or exchanged.
When purchasing Gold Coins, players are given bonus sweepstakes prizes by way of $weeps Cash™ The $weeps Cash™ can be used to buy into the $weeps Cash™ tournaments and ring games. $weeps Cash™ won playing with $weeps Cash™ can be redeemed for real money using an authorised payment processor.
HOW LONG DOES IT TAKE TO VERIFY YOUR DOCUMENTS IN ORDER TO REDEEM YOUR $weeps Cash™ FOR REAL MONEY?
We require verification once you request your first $weeps Cash™ prize redemption. This is to make sure that funds are sent to the correct account holder. Once the documents are sent, we verify them as soon as possible. The redemption process depends on whether or not the correct form of identification has been sent through. It normally takes about 5 days for verification to take place. Once your account is verified, it takes approximately another 5 days for your funds to be processed to your account.
This verification only applies to your first $weeps Cash™ prize redemption. Future $weeps Cash™ prize redemptions will not require verification.”
WHAT SORT OF DOCUMENTS DO I NEED FOR MY ACCOUNT TO BECOME VERIFIED?
You will need 2 of the following documents to be sent at [email protected] :
A valid primary ID (w/ photo), which can be any of the following:
- Driver’s license
- National/State ID
- Other government issued ID, aside from the ones mentioned above (Veteran’s ID, etc.)
- A supporting document under your name as proof of address:
- Utility Bill (electricity, telco, water, etc. not older than 3 months)
- Notarized agreement form for lease (nothing hand-written)
- Bank statements
- Medical insurance
WHAT’S THE DIFFERENCE BETWEEN GOLD COINS AND $weeps Cash™?
Gold Coins are purchased by players to be used on our Gold Coin tables. These are virtual chips which you can accumulate them and play with them but they cannot be redeemed for real money.
When purchasing Gold Coins, players are given bonus sweepstakes prizes by way of $weeps Cash™. The $weeps Cash™ can be used to buy into the $weeps Cash™ tournaments and ring games. $weeps Cash™ won playing with $weeps Cash™ can be redeemed for real money using an authorised payment processor.
WHAT OTHER COMPANIES USE SWEEPSTAKES?
Many companies worldwide use sweepstakes to promote and sell their products. Sweepstakes promotions have been running for decades in the US and other countries around the world.
Companies such as McDonalds, Publishers Clearing House (PCH) Reader’s Digest, Pepsi and Proctor & Gamble’s all hold widely known, and often global, sweepstakes promotions.
WHAT IS THE RISK LAWS WILL JUST CHANGE?
Low. Sweepstakes regulation in the US is on a state-by-state basis, so laws in 50 states would need to change.
Furthermore, since Sweepstakes trade promotions are offered by a large number of brands and companies, including many multinationals, any regulatory change would have broad consequences and likely be challenged.
SO WHY CAN’T OTHER POKER COMPANIES IMPLEMENT THE SAME SWEEPSTAKES MODEL?
- The technology underpinning Global Poker’s unique business model is the subject of a pending patent application.
- Regulatory & Partner risks: Our competitors, particularly those with regulated gambling businesses, are generally reluctant to explore innovative models that are not considered “mainstream”. This extends to key marketing, distribution and payment processing partners, who competitors would need to satisfy as to the legitimacy of their business model, a process which has taken Global Poker several years.
- Technology & Operations: The technology required to operate a real money sweepstakes prize platform is very different to that of a virtual currency only game, requiring far more robust, secure and thorough gameplay and reporting functionality. Operations supporting real prize gaming are also very different to games companies, as the payments, fraud and customer service profiles are very different.
CAN GLOBAL POKER’S SWEEPSTAKES MODEL APPLY TO OTHER GAMING PRODUCTS?
Yes, it can apply to any game of chance: all casino games, sports gaming and lottery. Many of these are offered at our sister site Chumba Casino.
HOW RANDOM IS THE CARD SHUFFLE USED BY GLOBAL POKER?
The RNG used by Global Poker utilises a Mersenne Twister with background cycling. This was certified by iTechLabs on 15 February 2017 who confirmed that it uses a well known algorithm to generate random numbers. The numbers generated by this RNG have passed Marsaglia’s “diehard” tests for statistical randomness. iTech Labs has found that number sequences are unpredictable, non-repeatable and uniformly distributed.
HOW DO I DEPOSIT MONEY INTO MY GLOBAL POKER ACCOUNT AND IS THERE RAKE?
You cannot deposit money into your Global Poker Account. Global Poker is not a ‘traditional online poker site’ where you can deposit money to play with. Global Poker is a social poker site which offers game play for our two virtual currencies, Gold Coins and $weeps Cash™.
If you want to enjoy the fun of the Gold Coin tables all you need to do is purchase some Gold Coins and you are ready to hit the tables. If you want to take part in our $weeps Cash™ tables you can do so using $weeps Cash™. $weeps Cash™ can be obtained in a number of ways including, as a promotion when you purchase Gold Coins, by winning one of our $weeps Cash™ giveaway competitions or by sending us a letter. Check out our $weeps Rules page for further information on how to obtain your free $weeps Cash™.
For information on Gold Coin and $weeps Cash™ rake, click here.
WHAT ARE THE MINIMUM AND MAXIMUM AMOUNT OF $WEEPS CASH I CAN CONVERT TO CASH?
You need to have won a minimum of 50 $weeps Cash™ prizes to cash them out. There is currently no maximum amount.
WHAT IS SC$?
SC$ is an abbreviation for $weeps Cash™, the promotional currency used on our sweepstakes tables.
Are there purchase limits on Global Poker?
As a new customer your account begins with default Gold Coin purchase limits of: $600 per day, $1000 per week and $2000 per month. Upon completing our KYC (Know Your Customer) process, your account will be upgraded to allow: $600 per day, $2000 per week and $5000 per month. You may also nominate lower limits should you so wish.
Higher limits are available upon request but may require further documentation to be supplied. We do this to ensure a safe and secure environment for all our players.