Laughably, I was announced by Kessler as an arbitrator without any consultation with me as to whether or not I would do it.

I ended up agreeing, as did the other selected arbitrator, attorney Mac Verstandig (who frequently represents poker players in legal matters, and is currently the attorney bringing the civil case against Stones Casino in the Postle matter).

The argument is actually over a simple matter -- the definition of the word overlay.

Allen Kessler thinks that a poker room can only claim overlay if all money collected (buyins AND fees combined) is less than the guarantee.

Jason Bral thinks that they can claim overlay as long as the cumulative buyins are less than the guarantee, even if adding the entry fees would put it over the guarantee amount.

Mac and I have decided to write an official-looking legal document as if this were a real arbitration case. He's the one formatting it because I'm not an attorney, but we are both writing the content together.

It will probably be released today.

While the bet involves real money, neither of us are being paid for our arbitration of the matter.