Bank Of America Shuts Down Daniel Negreanu's Account for Gambling Reasons

Daniel Negreanu may be the best-known poker millionaire in the world, but his bank apparently can not tell him apart from a dubious drug lord – the Bank of America closing Kid Pokers account without warning or a chance to appeal…

By: Andrew Burnett

It’s not the first time that DNegs has run afoul of whatever rules the banks are trying to enforce, the same problem affecting him back in 2015 when he tweeted out a similar tale…

That one was put down to the Obama-era Operation Chokepoint, which saw the government introduce strict investigatory rules targeted at industries high up the risk scale of fraudulent activity.

Unfortunately poker is lumped in with general gambling, so professional players moving big bankrolls around are always at risk of being caught in a badly-designed net.

2005 WSOP Main Event champion Joe Hachem tweeted along those lines…

It’s a big chunk of money to be passing on to another bank though, with Negreanu’s net worth estimated to be around $50million.

Daniel’s Hendon Mob listing sits at $42million in live tournament prizemoney – all-time number 3 - and the profit on that is likely at least equalled by his sponsorship from more than a decade with PokerStars, as well as business investments.

It has been suggested that his recent problems could be due to some financial juggling to allow for his WSOP play this month…

…but Negreanu is, of course, only the most high-profile pro to have been affected, the unhappy relationship between banks and poker players covering the entire spectrum.

Online players in the US have struggled to convince their banks that poker is actually legal in several states, meaning that the laws and rules are often contradictory and often impossible to circumvent.

The problem is not only a US one, with Canadian and UK banks among others often taking a dim view of poker transactions. Unfortunately, it looks likely to be an occupational hazard for the foreseeable future.


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