- Five skins lined up for a June launch.
- Each has agreed to commit $10k to the upkeep of the network, which will redistribute all profits back to the skins.
- Founded on principals of encouraging player acquisition, and player fund security.
Clive Archer, formerly of BetOnsports and Action Poker Network, has announced the Equity Poker Network, a new non-profit B2B online poker platform.
Tentatively slated to launch in June, the new Equity network promises a “fairer future” at a fixed price, with the network organized as a non-profit collective controlled by its members with transparent accounting and a “Clearing House Functionality,” whose goal is to keep players’ funds accessible while ensuring enough funds are held to cover liabilities.
As envisioned, the network will also implement a “shark tax” to compensate member operators who supply a greater share of revenue-producing fish to the network.
At least five operators have committed to skins for the network’s startup, according to Archer, the creator of the concept.
The as-yet-anonymous operators are each agreeing to a flat-rate fee of $10,000 per month, which goes into a communal pool for the network’s operation and upkeep.
EPN will initially be based in Costa Rica, home to several other poker networks, and will utilize the same software that supports Chico Poker Network (formerly Action Poker Network). That software has been in use for a decade and for several years has been owned and marketed by the Swedish software firm Playsafe Holding AS.
