PokerNews Buys ChipMeUp

January 12, 2009

PokerNews has announced that they have purchased the leading poker staking website – ChipMeUp. It is located at www.chipmeup.com and it is an interesting site. The idea behind the poker site is that players from all across the globe can buy and sell shares of themselves in poker events that are being hosted. These poker events will be hosted in various poker rooms on the internet – and will be major events.

Poker players will also have the opportunity to sell pieces of themselves to offline events like the World Series of Poker and the 2009 Aussie Millions events. It is very simple to use – you just go to the site and create a user profile. You can also purchase shares in other poker players as well as buying and selling your own.

You simply go to the list of featured events, choose the amount and/or percentage that you have decided to stake and then move the funds wherever they need to go to cover your bet. Once you have purchased the share, all of the money you stake will go towards that player’s buy in.

If you want to sell a percentage of yourself a listing fee applies, otherwise there are no fees attached to the purchase. ChipMeUp also offers a feedback service, much like the one used at eBay. Players can leave feedback and this way that the online community knows who is getting their money and that all transactions are legitimate.

For those looking for a way to get started, you can always bid on Tony G. The original bad boy of poker is selling a piece of himself at the 2009 Aussie Millions, so you could go buy a bit before they are all gone. They also wanted to have a kind of commemorative launch for the partnering of PokerNews an 888 Poker, so they are offering a unique satellite adventure to the poker tournament.