(updated on 7th May, 2021)
Quadnet Poker Network is India’s largest Poker Network comprising of Spartan Poker, BlitzPoker, and PokerHigh.
Following are some important points to note for the players playing on the Quadnet Poker Network:
1) How many accounts/IDs can a player have on the Network?
A player can have one account/ID per Poker room on the Network. For e.g. a player can have an account/ID each on Spartan Poker, BlitzPoker, and PokerHigh. However, a player cannot transfer any amount from one Poker room to the other. For e.g. a player cannot transfer any amount from her/his account/ID in Spartan Poker to her/his account/ID in BlitzPoker or PokerHigh.
2) What is the policy for playing Cash Games and Tournaments from different accounts/IDs across the Network?
a. A player is not allowed to play on the same cash table from her/his different accounts/IDs across the Network at the same time.
b. A player is not allowed to play the same Tournament from her/his different accounts/IDs across the Network, even after busting out from the other account/ID. For e.g. if a player is playing a Tournament with a Spartan Poker account/ID and busts out, then s/he may re-enter only from the Spartan Poker accounts/ID and not from her/his BlitzPoker/PokerHigh account/IDs.
3) How is TDS calculated?
a. Cashouts and TDS: Cashouts for all players on the Quadnet Poker Network will be made by Quadrific Media Pvt. Ltd. Cashouts for all players on the Network are subject to withholding tax (TDS) as per applicable rates (i.e. 30% currently) which is submitted to the Indian Tax Authorities under Section 194B of the Income Tax Act.
b. Deposits and Cashouts will be summed for all accounts/IDs of the player on the Network to calculate TDS.
c. Cashouts will be made on all Bank working days.
4) When is PAN verification needed?
A player must complete his PAN verification at the time of the first Cashout or when the cumulative Deposit crosses INR 50,000, whichever is earlier.
Kindly also refer to the Terms & Conditions and all other policies on Spartan Poker, BlitzPoker, and PokerHigh.