Mathisen Marketing

Your Marketing Blog

Twitch will ban crypto gambling streams on October 18th

Twitch will ban crypto gambling streams on October 18th

As an affiliate, we may earn from qualifying purchases. We get commissions for purchases made through links on this website.

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Join us Telegram channel to keep up to date with the latest news

Twitch is a global streaming platform with creators from all over the world doing almost anything. So far, however, this has also included running gambling streams on different platforms where cryptocurrencies could be wagered. This is one thing that will soon be impossible to do, as Twitch itself announced in a recent tweet.

Twitch Bans Crypto Gambling Sites

Earlier today, September 21, 2022, Twitch released an update on gambling on its platform, noting that playing betting games using crypto has been a big topic of discussion in its community. Due to different gambling laws in different jurisdictions, Twitch found itself in a situation where it was unclear how to proceed.

After all, gambling is very popular almost everywhere, legal or not, so allowing gambling streams can be profitable for the platform in many ways. However, allowing it also involves risks that the platform did not want to expose itself or its users to. Twitch decided a long time ago that it prohibits sharing links or referral codes to any website that includes slots, dice games, roulette, and the like. However, some of its users have found ways to circumvent these rules and expose their communities to potential harm.

After further reviewing the situation, Twitch presented a new policy update that will take effect on October 18th. The new update completely bans live streaming of gambling sites that feature slots, craps, and roulette that are not licensed in the United States or other jurisdictions that provide adequate consumer protections.

It has already decided to completely ban some platforms such as Stake.com, Rollbit.com, Duelbits.com and Roobet.com. But there are countless others out there that are not yet recognized by the platform and have not been restricted in access. It will continue to allow sites that offer sports betting, poker and fantasy sports, so platforms that offer such activities will be allowed to stay.

Why is Twitch banning these platforms now?

The decision to ban controversial crypto gambling streams comes after a backlash over multi-million dollar sponsorships by some of Twitch’s top creators. According to some rough estimates, more than 50,000 people watch Twitch celebrities play at any given time, usually playing slots, blackjack, and other games of chance where they play using crypto like Bitcoin and Ethereum.

Stake.com is one example of the most popular websites where gambling on crypto games is possible, but more than that – such sites have been major sponsors, giving influencers up to $1 million per month to promote their websites.

It’s also worth noting that Twitch streamers and viewers have spoken out against gambling streams, with streamers even starting to form groups that threatened to abandon the platform if Twitch didn’t respond.

Related

Tamadoge – Play and earn meme coins

Tamadog logo
  • Earn TAMA in battles with Doge Pets
  • Limited Supply of 2 Billion, Token Burn
  • Advance sales raised $19 million in less than two months
  • Upcoming ICO on OKX Exchange

Tamadog logo


Join us Telegram channel to keep up to date with the latest news



Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Source link

Leave a Reply

Your email address will not be published.

Latest Posts

  • Biden’s anemic crypto framework offered us nothing new

    Biden’s anemic crypto framework offered us nothing new

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase The long-awaited cryptocurrency regulatory framework released this month by President Joe Biden’s Treasury Department attempted to outline a plan to manage the growing crypto industry. Unfortunately, the department’s assessment did not contain more content than a simple job description. While […]

    Read More

  • Billions of People to Use Blockchain Tech Soon: Pantera Capital CEO

    Billions of People to Use Blockchain Tech Soon: Pantera Capital CEO

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase Dan Morehead, head of institutional asset management at Pantera Capital, believes there may be many financial sectors in trouble in the coming years, but the digital asset industry is not among them. Similar to his previous statements, the executive claimed […]

    Read More

  • SudoAMM passes $50 million in trading volume across 90,000 transactions

    SudoAMM passes $50 million in trading volume across 90,000 transactions

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase SudoAMM, a royalty-free NFT trading platform, has reached over $50 million in total trading volume, according to crypto data tracker Dune Analytics. The Automated Market Maker (AMM) also achieved other milestones, crossing over 90,000 transactions, seeing 29,000 users and collecting […]

    Read More