Poker Hall of Fame Isai Scheinberg

Poker Hall of Fame Isai Scheinberg

The story of online poker as a whole is what the story of Isai Scheinberg is about. The movements of online poker are tracked more or less by his rise, fall, exile, and return to the U.S.

He ran the company through the poker boom until the sudden halt of Black Friday in 2011. He sold the company. The industry came back to the U.S. with unregulated sites like ACR and an expansion of MSIGA. He faced a trial in New York in 2020 and was sentenced to a $30,000 fine and time served.

His nomination for the Poker Hall of Fame last year was the source of some controversy after his conviction.

The voters are most likely going to be looking at the overall arcs of his achievements, as his detractors have suggested that the grey area operations after the Wire Act hurt online poker and the reputation of poker as a whole.

He was nominated because of his role in building up online poker. The poker boom would have been very different without him.

Most poker players don’t think much of the U.S.’s online poker policy from the noughties.

After Black Friday, he decided to bail out the Full Tilt player base. Pros lives were saved and recreational players were whole. The truth is that Scheinberg has always been focused on growing the game.

In a recent interview with Poker.org, Scheinberg explained why he took on the risk of saving Full Tilt after Black Friday, “We felt that leaving players losing hundreds of millions of their money was devastating for the poker industry overal.” The leader of this industry, PokerStars, had to do the right thing.

They must have contributed to the overall growth and success of the game of poker, with indelible positive and lasting results, as laid out by the World Series of Poker. “Nuff said.”

Summary:

Isai Scheinberg helped found PokerStars, running the company through the poker boom until the sudden halt of Black Friday in 2011. He sold the company in 2013, and left the U.S. along with all regulated online poker sites. In 2020 he returned, faced a trial in New York, and was sentenced to a $30,000 fine and time served.