Tech

Twitch’s Crypto Casino Ban Ignore Larger Plays


In one watched Twitch live streaming September 18, UK-based Slider creator greeted his audience in tears. “Time for the truth,” he said between sobs. “I lied to many people… I borrowed money from everyone.” He stole, he confessed, at least $200,000 from streamers and fans, a move he attributes to a gambling addiction that began with Counter-Strike: Global Offensive. “I would come across streamers and ask them if I could get a loan,” he said. “I won’t tell them why because it’s gambling. I will lie to them. “He has been stripped of his partner status and users can no longer subscribe to his channel.

The fact that Slider cheated on a number of popular streamers is drawing new attention to Twitch’s close relationship with gambling, which has existed on the platform for years. Critics say that for impressed viewers, watching their favorite streamers bet can be the gateway to an expensive, sometimes illegal, potentially destructive addiction. ruin life. Twitch says it is “actively reviewing” gambling content and plans to change that in October, but some streamers want that content off the platform entirely.

On Twitch, you can stream slots, sports betting, poker and other games legally in many places. Lots of live streamers do, part of lucrative sponsorship deals, in which the company that provides them coins or a referral code to play games on their site in front of viewers. Win-win: Celebrities earn big salaries — some request they make millions — and gambling companies turn big-name streamers into direct ads for their services. Based on TwitchTracker“Slots” is currently the 10th most viewed category on the platform.

Twitch does not allow live streamers to share referral codes, affiliate links, or links to sites with gambling, roulette, or dice games, but some streamers have managed to follow the guidelines. that rule, according to company itself. The platform is in the middle of a “Cryptocurrency gambling boom, “Although many crypto gambling sites are not legally allowed to operate in places like the United States. Because crypto casinos are essentially overseas based, they evade gambling regulations, however US players can still access them using a VPN. Crypto casinos also show no signs of slowing down. In August, Bloomberg reported Crypto casinos are still attracting young players, thanks to a constant presence on Twitch and celebrity endorsements like rapper Drake.

Gambling, legal or not, has long been considered a nuisance by some members of the Twitch community. Not long after Sliker’s confession, prominent Twitch stars Pokimane and Mizkif, along with streaming and marketing company co-founder Devin Nash, met on one line to discuss Slider and the role of gambling on the platform. They propose a campaign to pressure Twitch to ban gambling: a boycott for a week during Christmas, a holiday with high traffic on Twitch. Nash in particular was adamant about gamble turn off Twitch, call it’s “horrible for the platform” and says it “harms young Twitch users, harms legitimate advertisers, and degrades the quality of the entire site.”

Twitch announced on Twitter on September 20 that it will update its policies, effective October 18, to specifically ban streaming gambling sites “including gambling games, roulette or dice are not licensed in the United States or other jurisdictions that provide sufficient consumer protection. Currently, that list includes crypto casinos Stakes.com, Rollbit.com, Duelbits.com and Roobert.com, although Twitch notes that the list could grow as new guidelines are implemented. exam.

Just to be clear, this isn’t an outright ban on gambling — it’s a blow to crypto casinos. Twitch will still allow streams for legal activities like sports betting, fantasy sports, and poker, and even games of chance like slots or US-licensed dice. Above TwitterNash called the move to remove overseas crypto gambling sites “a step in the right direction,” noting that streaming gambling on Twitch could be more difficult and lead to consumer protections. about things like deposit limits — safeguards that can “reduce a lot of the tragic stories we see from people starting to gamble for Twitch. “

“But what we are fighting for is a ban on gambling based on chance because it is objectively harmful to the site and its users,” he wrote on Twitter. Twitter earlier this week. “This is not it. Gambling based on chance will be alive and well on the site on October 18th.”





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