14.3 C
New York
Thursday, October 6, 2022

Buy now

Twitch to Ban Crypto Gambling Live Streams After Influencers Backlash

Twitch will ban controversial crypto gambling livestreams following opposition to recent multi-million dollar sponsorship deals enjoyed by top Twitch personalities.

Twitch will ban controversial crypto gambling livestreams following opposition to recent multi-million dollar sponsorship deals enjoyed by top Twitch personalities.

Twitch, owned by Amazon. com Inc., will ban live streaming gambling sites such as Stake.com, Rollbit and Duelbits.com that are “not licensed in the US or other jurisdictions that provide adequate consumer protections,” Twitch said in a statement on Twitter. Stake.com, the most popular of these sites, is licensed in Curacao. The ban will take effect on October 18.

“While we prohibit the sharing of links or referral codes to any sites that contain slot machines, roulette or dice, we have seen some people circumvent those rules and expose our community to potential harm,” the statement reads.

Watching streamers gambling is almost as popular as watching gamers playing Fortnite on Twitch, according to data from TwitchTracker. At any given time, over 50,000 people watch Twitch celebrities playing slots, Blackjack and other games of chance, mainly gambling with cryptocurrencies such as Ether and Bitcoin. Sites like Stake.com sponsor the biggest influencers for more than $1 million a month, according to a popular streamer.

Twitch streamers and fans alike have spoken out against live streaming of gambling. This week, several Twitch toppers as a group threatened to stop livestreaming on Twitch if Twitch didn’t gamble. Some fans have become addicted to crypto gambling after seeing their favorite streamers join in, Bloomberg previously reported.

Source link

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
3,517FollowersFollow
0SubscribersSubscribe

Latest Articles