Twitch, owned by Amazon Inc. , it will be banned encryption Gambling content. This will be implemented from next month, October 18.
Live broadcasts of slot games, roulette and dice games are not allowed on websites such as Stake.com, Rollbit.com and Duelbits.com.
The ban comes after a backlash over the controversial live broadcast of crypto-gambling against multi-million dollar sponsorship deals enjoyed by several prominent Twitch personalities.
Such live gambling sites such as Stake.com, Rollbit and Duelbits.com are not licensed in the United States or other jurisdictions responsible for providing consumer protection.
Stake.com, which is the most famous of these sites, is licensed in Curacao.
According to the tweet, Twitch stated that gambling content was a “substantial discussion topic” within the community and further added,
While we prohibit sharing links or referral codes to all sites that include gambling, roulette or dice games, we’ve seen some people circumvent these rules and expose our community to potential harm.
Unregistered websites will be blocked in the US
It has been stated that unlicensed websites in the US or other jurisdictions that provide adequate consumer protection should be blocked from now on.
Other locations will also be determined in the future. However, platforms focused on sports betting, fantasy football and poker will not be banned.
Viewers also reported that they garnered more than $1 million in sponsorships within a month from sites like Stake.com.
According to data from TwitchTracker, it’s becoming very popular to watch players gamble, and it’s even more common than watching players playing Fortnite on Twitch.
At any given time, at least 50,000 Twitch celebrities are watching slot machines, blackjack and other games of chance, along with gambling with cryptocurrencies like Bitcoin and Ethereum.
Both Twitch fans and fans have stated their stance against live streaming gambling.
Concerns arose about the increase in cryptocurrency gambling
The growing prominence of crypto gambling content has raised some immediate and major concerns. It even resulted in some users losing a large amount of money and also caused addiction.
Famous Twitch users have threatened to boycott the site until the crypto gambling problem is resolved.
Earlier in September, one operator admitted that it scammed fans and other Twitch creators close to $200,000 into paying for Counter Strike: Global Offensive’s betting addiction.
Although this was not related to cryptocurrency, crimes related to cryptocurrency betting are on the rise as well.
Not only famous Twitch users, casual users and fans have also expressed their disapproval of these gambling live broadcasts.
Some fans and users have also developed an addiction and are now addicted to crypto gambling after their favorite streamers inspired them to participate in crypto gambling.