While everyone agrees that a regulated market is a good thing for the poker industry, it is yet hard to find bodies to implement this regulation.

With Full Tilt Poker, we all discovered that whatever these agencies are, none of them had done its work correctly, resulting in an incredible situation where thousands of poker players find themselves relieved of millions of dollars and not knowing how to get their money back.

We can blame the AGCC who seemed to have known for a while how bad the Full Tilt balances were, and we can also blame the ARJEL (French regulatory body) which did not conduct any serious research before granting a license to Full Tilt. French poker players could have been saved from this scandal, but because of the ARJEL they also end up with millions of dollars lost. While the primary role of the ARJEL was to ensure the security of players’ funds, it is difficult to understand how we reached the current situation.

It can be even more surprising to consider the role of the AGCC which in addition to hiding crucial information has also been completely inefficient in understanding the amount of money seized by the DOJ. This money could be recovered as part of an amicable settlement with the Justice Department. Initially the AGCC announced that $331 million were seized when in fact the DOJ only confiscated $115 million, which adds a hole of $200 million to the debt of Full Tilt.

Full Tilt, who was seeking a buyer has been heard on numerous occasions during the hearings with the AGCC but strangely all these discussions were based on wrong figures. We understand better why for the moment the buyers take their time, even if the Tapie Group announced its intention to purchase the site. With this new announcement of a $200 million additional debt, one would think that the negotiations are far from over.

What future has the regulation of online gambling and which structures will be put in place to ensure its integrity. It was clearly seen that ARJEL has completely missed its entrance exam by assigning a license to a site like Full Tilt. So be it incompetence, lack of resources or ignorance of their work, something must be done to rectify the situation.

Now the question remains that smaller operators which spend in marketing to make themselves known to the majority are having a hard time. And that it is time to give the players a better environment to play their favorite game.