wsop Winner's legal battle with tax agencyDate: November 1st ,2020Host: Gillian Epp Maureen B
On this week’s show, Maureen and I discussed the new Grudge Match rules, Jonathan Duhamels legal battle with the Canada Tax revenue Agency and Online Poker sites new obsession with throwables.
About Poker Headlines
Poker Headlines is a weekly Interactive Poker Talk Show live on Twitch, where we debate Hot Topics in the poker world, and deliver gaming news from around the globe.
Question 1: What’s new with the Negreanu/Polk Grudge Match?
The Negreanu vs Polk Grudge Match process has been anything but smooth. Each week we learn new and different information, as the player change positions and agree and disagree with different rules.
This week. the date of the match was delayed from November 1st to November 4th.
What was originally proposed as an online match, playing 2 tables simultaneously, is now being initially played Live, with real chips and cards not online, with 200 hands in the Poker Go’s studio.
Luckily for the public, Doug’s condition of broadcasting via Poker Go, was that the match be free, and not require a Poker Go subscription.
The other extremely surprising revolution was that charts and notes are now allowed.
Daniel had originally agreed using to some chart within a perimeter, but then tweeted out, that neither he nor Doug would be allowed to use charts, and now Daniel has done a total 180 degree flip, agreeing once again to the use of charts.
Question 2: Will Duhamel be considered by the Canada Revenue Agency (CRA) to have been conducting a gambling business when he won the 2010 WSOP Main Event?
It has been revealed that the CRA will take to court to battle Jonathan Duhamel for $1.5 Million in back taxes for the time period of 2010-2012 which is when Duhamel won the WSOP main event.
For poker winnings to be taxed, the CRA must prove that Duhamel was professional player at that time and that he was carrying out a gambling business. For a person to be in the business of gambling, it must be proven that they expect to receive a recurring income.
CRA has gone after poker player before, and always lost. The most likely problems Duhamel faces is the fact that he was given a Poker Stars contract after his main event win, which potential proves he was receiving recurring income. He may also be considered in the business of gambling if it believed his ability to sell action, makes him able to except recurring income.
Since Duhamel has already paid US taxes on his WSOP main event win, I do expect a foreign tax credit to be issued if the courts do not rule against his favour.
We added a new category on Poker Headlines and will ask poker Trivia Questions during the Twitch stream. This week’s trivia question was about the WSOP Main Event:
In 2010 when Jonathan Duhamel won the main event. He outlasted 7,318 players,
How many entrants did Phil Hellmuth outlast to win the 1989 WSOP Main Event?
Phil Hellmuth had to outlast only 177 to win the 1989 WSOP Main event.
Tweet of the week
Our tweet of the week was awarded to regular twitch viewer Zefram who showed up to help Doug Polk with his upcoming match, by giving away the secret to poker success. 1. Make a pair 2. Bet.
Question 3: High Stakes Poker is returning to PokerGo, will it have the winning format of the original series?
om Dwan posted on a video on twitter this week, from the Aria showing the live action of the new High Stakes Poker which is set to air on PokerGo on December 16th 2020.
The original High Stakes Poker program was my absolute favourite poker show, thanks to the legendary characters, like Tom Dwan, Phil Ivey and Sammy Farha, so I was extremely excited to see a glimpse of the new setup and witness two of my favourites, Ivey and Dwan at the game.
Maureen, who has only seen YouTube reruns of the original program, wonders if the novelty of nosebleed stakes action will have worn off, given the amount of big-buying poker we now have access to.
The table banter at the High Stakes poker added to the enjoyment as did Gabe Kapplin the original host. For the new series to be a success the announcer has to be great, but also able to just sit back and listen to the players table talk.
Question 4: Will the updates to 888 Poker and GG Poker bring new players to the game?
888 Poker updated their app this week, bring vertical play option to the app, with the ability to play up to four tables. They also added throwables, the option to “throw” icons at you opponents.
GG Poker launched a Splash Dance Feature of Daniel Negreanu .
I am sceptical that either of these features will bring new players to poker. The new 888 Poker app, seems like just another way to steal players from the poker tables and get them into the online casinos. As for dancing Daniel, I have no idea who that appeals to.
That concludes this week’s episode of Poker Headlines.
We had a bunch of tech issues this week, and honestly not awhole lot went on this week in poker, but it was great to have my regular cohost Maureen Bloech back. We look forward to interacting live with chat again on Sunday, noon pacific time.