Twitch to Ban Crypto Gambling Livestreams After Backlash From Influencers
Twitch is under fire from users and influencers for allowing crypto gambling to be livestreamed. According to reports, Crypto gambling sites pay Twitch influencers millions of dollars for live streams. These videos attract new users to the online gambling industry, causing many of them to become addicted to online gambling. Many users have spoken out against this trend and have threatened to stop using the site if Twitch doesn’t take action.
Twitch users become addicted to online gambling
Streamers have become rich on Twitch in recent years thanks to casino-style betting. Twitch users swap real cash for cryptocurrency and use it to place wagers on games of chance. This trend is popular among viewers, who tune in to see the high-rolling experience first-hand. Many viewers become addicted to such streams, and some have even threatened to quit Twitch if the site doesn’t do something.
The problem began with a single streamer who lost tens of thousands of dollars. ItsSliker’s fan base gave him money to support his hobby, but he then used the money to fund his gambling addiction. He said he used the money to pay off gambling debts and gamble even more. It’s estimated that he took over $300,000 from fans and colleagues. The scandal has prompted several Twitch streamers to call for a ban on gambling.
The controversy over gambling on Twitch has caused Twitch to implement new policies aimed at preventing users from getting addicted to the online gambling. The first change was aimed at banning gambling streams, but the new rules still do not prohibit gambling completely. A spokesperson for Twitch said the company is constantly enlarging its gambling policies.
Twitch bans live streaming of gambling sites
Twitch has recently banned live streaming of gambling websites, following a backlash from influencers and a community outcry. The controversial decision comes after a recent story about a popular streamer, ItsSlicker, who cheated his followers out of money to fund his gambling addiction. The streamer has since admitted his mistake, and said that he was just using his followers’ money to fund his addiction.
Many top-tier streamers have weighed in on the controversy, calling for Twitch to crack down on gambling. The hashtag #TwitchStopGambling has gained traction on Twitter. Some streamers have even discussed boycotting the site during the holiday season. The-CNN-Wire, a Warner Bros. Discovery Company, also urged Twitch to ban live streaming of gambling sites.
The ban on gambling websites on Twitch follows a trend started last year. A British Twitch streamer called ItsSliker, who has more than 430,000 subscribers, was accused of tricking his viewers and influencers by promoting gambling sites. ItsSliker has claimed to be a gambling addict and that he does not intend to harm anyone.
Influencers speak out against live streaming of gambling
The growing number of influencers speaking out against crypto gambling is a concern that should concern anyone involved in the space. It’s difficult to gauge the level of trust in influencers who promote these games if they aren’t completely transparent about the nature of their relationships with their fans. The stakes are high, so it’s important to know the risks associated with this type of gaming before getting involved.
The latest scandal at Twitch has fueled a rage about the impact of casino-style gambling on viewers. In July, Stake brought on music superstar Drake for a live stream that drew 112,000 concurrent viewers. Drake reportedly played casino games on the platform, and his fans commented on how rich he must be if he is making so much money. While Drake’s stream was entertaining, many viewers expressed their disapproval.
The underlying issue behind the controversy is the fact that crypto gambling has become an addiction for many Twitch viewers. Streamers aren’t necessarily aware of how addictive it can be, but many fans get hooked on this type of online gambling through Twitch broadcasts. This phenomenon is growing rapidly, but there are some steps that streamers can take to avoid controversy.