Twitch’s Crypto casino ban ignores bigger play

Twitch’s Crypto casino ban ignores bigger play


During intense viewing twitch stream on September 18, Slicker, the UK-based content creator, admitted his audience to tears. “It’s time for the truth,” he said between tears. “I lied to a lot of people…I borrowed money from people.” He admitted that he extracted at least $200,000 from fellow live streamers and fans, a move he claimed was the result of a gambling addiction that began Counter-Strike: Global Offensive. “I would face the signs and ask them if I could borrow money,” he said. “I will not give them the reason, because it was gambling. I will lie to them.” It has since been stripped of partner status and users can no longer subscribe to his channel.

Sliker’s scam of several well-known players is drawing new attention to Twitch’s consistent relationship with gambling, which has been on the platform for years. Critics say that for impressionable viewers watching their favorite bets can be a gateway to an expensive, sometimes illegal, and potentially life-destroying addiction. Twitch says it has been “actively reviewing” gambling content and has plans to make changes in October, but some operators want it out of the platform entirely.

On Twitch, you can stream slot machines, sports betting, poker, and other legal games in many places. Lots of streamers do this, as part of lucrative sponsorship deals that Companies give them Money or referral codes for playing games on their sites in front of viewers. It’s mutually beneficial: Live broadcasters get paid big — some Claim They make millions – and popular gambling companies turn into direct ads for their services. according to TwitchTracker“Slots” is currently the 10th most viewed on the platform.

Twitch doesn’t allow streamers to share referral codes, affiliate links, or link to sites containing slots, roulette, or dice, but some streamers have managed to get around these rules, according to the company itself. The platform is in the midst of a “crypto gambling boom,” even though many crypto gambling sites are not legally allowed to operate in places like the US. Since crypto casinos are primarily located offshore, they evade gambling regulations, yet US players can still access them using VPNs. Crypto casinos show no signs of slowing down; in August, Bloomberg mentioned Crypto casinos continue to attract young players thanks to their constant presence on Twitch and the endorsement of celebrities such as rapper Drake.

Gambling, legal or not, has long been considered annoying by some members of the Twitch community. Shortly after Slicker’s confession, Twitch superstars Pokeman and Mazkief reunited, along with Devin Nash, co-founder and marketing agency. on stream To discuss Sliker and the role of gambling on the platform. They suggested a campaign to pressure Twitch to ban gambling: a boycott for a week During Christmas, which is a high traffic holiday on Twitch. Nash in particular was adamant about that gambling off twitch, Connection It’s “horrible for the platform” as well as “it hurts young Twitch users, bad for legitimate advertisers, and lowers the quality of the entire site.”

Twitch announce On September 20 it will update its policies, effective October 18, to ban streaming gambling sites “that include unlicensed gambling, roulette or dice games either in the United States or in other jurisdictions that provide adequate consumer protection,” she said. company on Twitter. Currently, that list includes crypto casinos Stakes.com, Rollbit.com, Duelbits.com, and Roobert.com, although Twitch notes that this list could grow as the new guidelines come into play.

To be clear, this isn’t a complete gambling ban – it’s a blow to crypto casinos. Twitch will still allow streams of legal activities such as sports betting, fantasy sports and poker, and even games based on chance like slot machines or dice licensed from the United States. on me TwitterNash called the move to scrap offshore crypto gambling sites a “step in the right direction,” noting that it could make it more difficult to stream gambling on Twitch and lead to consumer protections on things like deposit limits — safeguards that could “reduce the number of stories The tragedy we are seeing from those who started gambling because of Twitch.”

“But what we’ve been fighting for is to ban luck based gambling because it objectively harms the website and its users,” he wrote in. Twitter earlier this week. “That is not it. Luck gambling will remain alive and well on the website on October 18.”





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