The Closure of PokerShares: What it Means for Players and Investors

PokerShares, an online platform that allowed poker players to buy or sell shares of themselves, has recently announced its shutdown. This news is significant because PokerShares has been a reputable and popular platform that provided excellent services for both players and investors.

Background Information

In 2014, professional poker player Mike McDonald founded PokerShares. The platform provided a reliable means for players to trade shares of their tournament entries, giving investors a chance to earn a profit off skilled players’ successes. Over the years, PokerShares became a trusted platform where players and investors could connect, do business and build valuable relationships.

Nevertheless, PokerShares has also had its fair share of controversies. In 2018, there was a scandal where fake shares were sold for a high-stakes tournament, resulting in legal action and an overhaul of the platform’s verification process.

Reasons for the Closure

PokerShares attributed the shutdown to a combination of regulatory pressures and declining profits. The company announced that it could no longer support itself financially and that the current regulatory environment made it challenging to operate.

However, there may have been more significant factors contributed to the decision. The online poker industry is continually evolving, with new platforms emerging and established players regularly improving their services. Additionally, the COVID-19 pandemic may have also played a role, as live poker tournaments – a significant source of business for PokerShares – were canceled or postponed.

Impact on Players and Investors

The closure of PokerShares will have a significant effect on both players and investors who previously relied on the platform. Players who sold their shares will have to seek alternative methods to finance their tournament entries. Investors who purchased shares will lose their investments and may face financial losses.

However, despite the shutdown, players and investors may still have options. Other platforms exist that provide similar services, albeit ones that may not offer the same level of convenience or reputation as PokerShares. Furthermore, some players may have the financial means to enter tournaments without the help of investors.

Competition and Market Changes

The closure of PokerShares could have far-reaching implications for the competitive landscape of the online poker industry. It is possible that other companies might seek to fill the void left by PokerShares by offering similar services or innovative ways to profit off skilled players.

Additionally, regulators could use the PokerShares closure as an indication that more oversight is required in the industry, which could potentially impact other companies.


The shutdown of PokerShares is regrettable for both players and investors who used the platform. It underscores the challenges of operating in a competitive and regulated industry and serves as a reminder of the risks associated with investing in startups.

Nonetheless, the online poker industry continues to offer exciting opportunities, and we can anticipate other companies emerging and innovating in the years to come.

By admin

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