Twitch to ban crypto-gaming live streams after backlash

Twitch will ban controversial crypto gambling live streams after a backlash against recent multi-million dollar sponsorship deals enjoyed by top Twitch personalities.

Twitch, which is owned by Amazon.com Inc., will ban live gambling sites like Stake.com, Rollbit and Duelbits.com that “are not licensed in the United States or other jurisdictions that offer protection sufficient from consumers,” Twitch said in a statement posted to Twitter. Stake.com, the most popular of these sites, is licensed in Curacao. The ban goes into effect on October 18.

“While we prohibit the sharing of links or referral codes to any sites that include slots, roulette or dice games, we have seen some people circumvent these rules and expose our community to potential harm” , the statement said.

Watching streamers play is almost as popular as watching players play Fortnite on Twitch, according to data from TwitchTracker. At any one time, over 50,000 people are watching Twitch celebrities play slots, Blackjack and other games of chance, mostly playing with cryptocurrencies like Ether and Bitcoin. Sites like Stake.com sponsor top influencers for more than $1 million a month, according to one streamer.

Streamers and Twitch fans have spoken out against gambling livestreams. This week, several prominent Twitch figures threatened to stop live streaming on Twitch if Twitch did not take action on the game. Some fans have become addicted to crypto gambling after seeing their favorite streamers participate, Bloomberg reported. .

Published on

September 21, 2022

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