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Mike McDonald's PokerShares Poker Betting Platform to Fold in 2024 December 30, 2024 Jon Sofen Senior Editor U.S. PokerShares, known as the 8️⃣ prominent sports betting platform, will cease to exist in January, the company announced in a five-part Twitter thread Wednesday. The website 8️⃣ was founded by former poker pro Mike "Timex" McDonald, an avid gambler and investor. PokerShares allowed players and fans to 8️⃣ wager on various poker events and tournaments such as the Doug Polk vs. Daniel Negreanu heads-up challenge, along with high 8️⃣ rollers and more. All Good Things Must Come to an End McDonald launched the site in early 2024, and the main purpose 8️⃣ for PokerShares was to give fans and investors an opportunity to have some skin in a poker contest even when 8️⃣ they weren't playing. Users could purchase virtual shares of a certain player in a tournament. The gambling platform was also 8️⃣ useful when it came to wagers traditional bookies didn't offer, such as Polk vs. Negreanu and all the other heads-up 8️⃣ challenges from the past couple of years. But after five years, McDonald decided it's time to fold. PokerShares announced its decision 8️⃣ to call it quits starting sometime next month, but didn't provide specific details as to why, just a general comment. It 8️⃣ has been a rewarding experience to help make the poker staking market more efficient, give fans at home more ski… 8️⃣ //t.co/1jnbMIXSUd — PokerShares (@pokershares) The @pokershares Twitter account continued: "As time has progressed our team has grown more focussed on other 8️⃣ ventures, and grown further removed from the ins and outs of top-level poker, as well as found regulatory limitations have 8️⃣ limited our ability to continue growing our business effectively." The site will discontinue accepting wagers and staking effective in January, but 8️⃣ customers can still cash out any remaining funds through the month of March. McDonald, one of poker's most successful investors and 8️⃣ prop bettors, is apparently more focused on his numerous other ventures, such as NFT's and cryptocurrency. Max Silver, who won a 8️⃣ World Series of Poker (WSOP) bracelet in 2024, joked about the downside to PokerShares shutting down. What a great day for 8️⃣ medicore regs who once won a named tournament //t.co/zLChMH3RE9 //t.co/9fTuksXZI5 — Max Silver (@max_silver) Nikolai Yakovenko (@ivan_bezdomny) wrote, "Thanks for having 8️⃣ this up for our enjoyment," as a quote tweet in response to the PokerShares announcement. At the time of publishing, 8️⃣ there weren't many other comments of note related to the news. Sharelines Find out details on the @pokershares closure in this 8️⃣ article. eldorado casino bonus |
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