Postponed WSOP could see players turn to crypto platforms

Updated May 5, 2020 | Published Apr 21, 2020
[1 min read]
On Monday, the World Series of Poker (WSOP) was postponed for an unspecified date in the fall, dousing the hopes of poker aficionados for late-May poker action, at least so far as fiat currencies are concerned.
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The WSOP organisers do not expect current travel restrictions and lockdown rules to be eased up on time for this year’s event, leaving thousands of players who would usually look to qualify online with more time on their hands.

This may yet prove a good omen for the best cryptocurrency poker rooms, which are operating as usual amid the lockdown, owing to their business model that allows all games to happen online and remotely, from any point in the world.

Recent data suggests a precedent for a crypto poker boom, with the US state of New Jersey seeing online poker revenues doubling in March while sportsbook revenues fell 22% on February. Similarly, Italy saw online poker tournament revenue rise by 123% in March on the previous month.

Adapting to this change, WSOP is pushing the event back until later this year, while it remains hopeful that the Global Casino Championship will still go ahead in August.

WSOP’s Ty Stewart said that the organisation will still host a number of online events as it has been doing. Other platforms, including PokerStars and partypoker, have already been adapting to the change with their own events running online. PokerStars, in particular is offering $85 million in prize pools in its MicroMillions tournament.

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CGN senior journalist 

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