Staking Agreements FTW + Taxes (Beta)

by , Jul 8, 2012 | 2:52 pm

Kevmath has arrived to play the $10k WSOP main event. He’s currently in the process of trying to collect his pledges, which is clearly a different game than funding a $235 deep stack stab via Twitter. Lets hope his rungood starts today for a final Day 1 buy-in tomorrow … because really, with a new era that doesn’t include Doyle Brunson in the WSOP main event upon us (he’s opting out this year for what I think is only like the third time) don’t we all really need a Kevmath to be properly funded, if not fully backed?

With these kinda arrangements in mind, Pokerati has been working on a basic legal boilerplate to cover typical poker staking arrangements. We’re still working on a few revisions, and customizable blanks to accommodate a variety of backing scenarios. It’s not official yet, and thus not certain to be admissible in court — hey, you get what you pay for — but let me know if you think there’s anything missing or superfluous, especially if you are a practicing attorney in Nevada.

Here is a generic document to solidify your monetary promises in poker, regardless of unfortunate rivers or acts of nature.

Now all we need, I think, is a proper legal disclaimer to make sure yours truly and Pokerati don’t end up on the wrong end of a lawsuit we facilitated.

ALT HED: LegalPokerZoom.com

UPDATE: Tax matters notwithstanding, please add, like the back of my first fake ID, “for entertainment purposes only.”


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