Updated on January 9, 2023 12:51 PM
An online live streaming video platform with a focus on gaming, twitch has announced that it will identify all crypto gambling sites, for example, Stake.com, Rollbit.com, Duelbits.com, and Roobet.com, and all other most notable crypto gambling sites using its platform, "will no longer be able to use it to stream their activities". Twitch in a statement mentioned that "controversial crypto gambling sessions anchored by Twitch celebrities and live-streamed to their followers will be banned effective October 16."
Twitch Will Disable Gambling Live Streaming
“Gambling content on Twitch has been a big topic of discussion in the community, and something we’ve been actively reviewing since our last policy updates in this area. Today, we want to update you on our plans…
So, we’ll be making a policy update on October 18th to prohibit streaming of gambling sites that include slots, roulette, or dice games that aren’t licensed either in the US or other jurisdictions that provide sufficient consumer protection,” Twitch said in its statement.
Famous for streaming competitive multiplayer games, especially at the professional esports level, and the personal streams of individual players, Twitch, also mentioned that the company has the policy to prohibit sharing of links or referrals that feature slots, roulette, or dice games but these rules did found a way around.
“We will continue to allow websites that focus on sports betting, fantasy sports, and poker… We’ll share specifics on the updates to our Gambling policy soon, including the full policy language, to make sure everyone is clear on our new rules before they take effort on October 18th,” it added.
Twitch is also one of the investors in the P2E blockchain-based mafia, metaverse gaming platform SYN City, but that hasn't been good so far as in the ongoing bear market, Blockchain gaming and metaverse projects don’t seem to be hit.
Backlash Against Gambling Livestreaming
Amazon, owned by Twitch, has been in the middle of a furious controversy that says, "twitch influencers are being paid in millions of dollars in sponsorship deals by crypto gambling sites to play live casino games with enormous bets." Media reports say that Twitch users are addicted to what their favorite celebrities are doing every now and then, and this is the reason they are trying out this new trend of online gambling.
But, the craze of gambling live-streaming on Twitch, has "become louder" in the past few days, and as per a Bloomberg report released on Wednesday, "several top celebrities threatened to stop using the platform if it failed to act."
Bloomberg report said, "Twitch will ban controversial crypto gambling live streams after backlash against recent multi-million-dollar sponsorship deals enjoyed by top Twitch personalities.
Twitch, which Amazon.com Inc. owns, will prohibit live streaming gambling sites like Stake.com, Rollbit and Duelbits.com that 'aren’t licensed either in the US or other jurisdictions that provide sufficient consumer protection,' Twitch said in a statement posted on Twitter. Stake.com, the most popular of these sites, is licensed in Curacao. The ban goes into effect October 18."