Did Twitch Ban Crypto Live Gaming? Here is more about it

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Twitch, owned by Amazon Inc., has announced that it will ban crypto game content. This will be implemented starting next month, October 18th.

Live streams of slots, roulette and dice games on websites such as Stake.com, Rollbit.com and Duelbits.com are not permitted.

The ban comes after backlash from controversial crypto gambling live streams against multi-million dollar sponsorship deals that have been enjoyed by many prominent Twitch figures.

These live gambling sites like Stake.com, Rollbit, and Duelbits.com are not licensed in the United States or other jurisdictions responsible for consumer protection.

Stake.com, which is the most popular among these sites, is licensed in Curacao.

According to the tweet, Twitch mentioned that gaming content has been “a big talking point” within the community and added,

Although 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.

Sites that are not registered in the United States will be banned

It was mentioned that sites that are not licensed in the United States or other jurisdictions that provide adequate consumer protection should be banned in the future.

Other sites will also be identified in the future. However, platforms focused on sports betting, fantasy football and poker will not be banned.

Streamers also said they got over $1 million in referrals in a month from sites like Stake.com.

According to data from TwitchTracker, watching streamers play has become extremely popular, even more popular than watching players play Fortnite on Twitch.

At any one time, at least 50,000 people are watching Twitch celebrities play slots, blackjack and other games of chance, as well as gambling with cryptos such as Bitcoin and Ethereum.

Streamers and Twitch fans have mentioned their stance against gambling livestreams.

Concerns About Rise in Crypto Gambling Have Grown

The growing prominence of crypto-gaming content raised immediate and major concerns. It even lead some users to lose huge amount of money and also cause addiction.

Famous Twitch users have even threatened to boycott the site until the crypto-gaming issue is resolved.

Earlier in September, a streamer admitted that he tricked fans and other Twitch creators out of almost $200,000 to pay for a betting addiction on Counter Strike: Global Offensive.

Even though it was not related to crypto, crimes regarding crypto betting also increased.

Not only famous Twitch users, regular users and fans have also voiced their disapproval of these live game streams.

Some fans and users have also become addicted and are now addicted to crypto gambling after being inspired by their favorite streamers to partake in crypto gambling.

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