Crypto

Twitch’s Crypto Casino Ban Skips Biggest Game

During a strong watched the Twitch stream on September 18, British creator Sliker delivered a tearful confession to his audience. “It’s time for truth,” he said between sobs. “I lied to a lot of people… I borrowed money from people.” He had, he confessed, extorted at least $200,000 from other streamers and fans, a decision he says was the result of a gambling addiction that began with Counter-Strike: Global Offensive. “I would meet streamers and ask them if I could borrow some money,” he said. “I wouldn’t give them the reason because it was gambling. I would lie to them. He has since been stripped of his partner status and users can no longer subscribe to his channel.

Sliker’s scam of several well-known streamers is drawing new attention to Twitch’s sticky relationship with gaming, which has existed on the platform for years. Critics say that for impressionable viewers, watching their favorite streamers place bets can be a gateway to a costly, sometimes illegal, life-threatening addiction. Twitch says it has “actively reviewed” gambling content and is planning changes in October, but some streamers want it removed from the platform altogether.

On Twitch, you can stream slots, sports betting, poker, and other legal games in many places. Lots of streamers do it, under lucrative endorsement deals in which companies give them money or referral codes to play games on their sites in front of viewers. It’s Mutually Beneficial: Streamers Draw Big Paychecks – Some claim they make millions and game companies turn big-name streamers into live advertisements for their services. According Twitch Tracker“Slots” is currently the 10th most viewed category on the platform.

Twitch doesn’t allow streamers to share referral codes, affiliate links, or links to sites featuring slots, roulette, or dice games, but some streamers have successfully circumvented those 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 United States. Because crypto-casinos are mostly based overseas, they escape gambling regulations, but US players can still access them using VPNs. Crypto casinos show no signs of slowing down either; in August, Bloomberg reported Crypto casinos are still attracting younger players thanks to their continued presence on Twitch and endorsements from celebrities like rapper Drake.

Gambling, legal or not, has long been considered embarrassing by some members of the Twitch community. Shortly after Sliker’s confessional, prominent Twitch stars Pokimane and Mizkif, alongside streamer co-founder and marketing agency Devin Nash, reunited on a stream to discuss Sliker and the game’s role on the platform. They came up with a campaign to pressure Twitch to ban gambling: a 1 week boycott during Christmas, a high-traffic holiday on Twitch. Nash in particular has been adamant about play the game on Twitch, call it’s “awful for the platform” as well as “harmful to younger Twitch users, bad for legitimate advertisers, and brings down the quality of the entire site.”

Tic announcement September 20 that it will update its policies, effective October 18, to specifically prohibit streaming gaming sites “that include slots, roulette, or dice games that are not permitted in the United States. United States or other jurisdictions that provide sufficient consumer protection,” the company said on Twitter. Currently, this list includes crypto-casinos Stakes.com, Rollbit.com, Duelbits.com, and Roobert.com, although Twitch notes that this list may grow as they begin enforcing the new guidelines.

To be clear, this is not an outright ban on gambling, it is a blow to crypto-casinos. Twitch will still allow streams for legal activities like sports betting, fantasy sports, and poker, and even chance-based games like US-licensed slots or dice. On TwitterNash called the decision to abolish offshore cryptocurrency gambling sites a “step in the right direction,” noting that it could make it harder to stream gambling on Twitch and lead to consumer protections on internet sites. things like deposit limits – protections that could “lower the number of tragic stories we see from those who started playing because of Twitch.

“But what we were fighting for was a ban on gambling based on luck because they are objectively harmful to the website and its users,” he wrote on Twitter earlier this week. “That’s not it. Luck-based gambling will still be alive and well on the website on October 18th.

.

#Twitchs #Crypto #Casino #Ban #Skips #Biggest #Game #Crypto

Related Articles

Back to top button