http://www.pokernews.com/news/2015/0...nger-20800.htm

In short, it's a site where you can make last-longer bets with people for both online and live tournaments, and the site itself holds the money and pays the winners.

Not a bad idea, but this article is a bit biased.

Pokernews has an affiliate link to it already, and this article makes no mention of the juice the site takes, nor does it mention how/why the funds are secure.