PROPOSED RULE CHANGES (not in effect yet)...
Given that we have had two BAP debacles already, I am instituting the following new rules regarding running BAP here:
1) As has been the case for awhile, you need to ask for permission to run a BAP here. However, you now also need to fully describe the BAP to me before you post it. In Jasep's case, he simply asked if he could run a BAP and I said yes. I will need to know all of the details of the BAP before allowing it.
2) You will need to put down a 50% deposit of the BAP with me, until you need it. This will be accomplished by having your investors send ME the money until 50% is collected, and then you can collect the other 50% yourself. I will hold this 50% until you have lost the first 50%, at which point I will give everyone the opportunity to opt out prior to it continuing. After giving everyone that chance, I will send you the other half. This will prevent people from pacifying their investors by pretending to "win", while actually spending all of the BAP money elsewhere.
3) Unverifiable BAPs are no longer allowed. This means no more live cash game BAPs, and no more BAPs on online sites that are not trackable. Also, no BAPs are allowed for small live tournaments that are not trackable.
4) BAPs for online cash games may not be collected for future play. You are required to start playing immediately upon receiving at least 75% of the money. If you do not play for the first 72 hours, you will be required to refund the money.
5) You may not promote BAPs on any other site. This includes any form of private messaging. If you are running a BAP elsewhere, you CANNOT use PFA to alert people to it, unless you are simultaneously running it here, and are adhering to all of the above rules.
NEW CONTEST RULE:
1) I will now escrow money for ALL contests run on PFA, regardless of whether or not it is a joint venture between this and other sites. If a contest takes place at all on PFA, you are to escrow ALL money with me and no one else.
I apologize that some of these rules might make things difficult on people running BAPs here, but I am trying to protect everyone from future debacles like this.