Most streamers promote gambling on Twitch more than other video streaming channels. But a recent update on Twitch has left crypto casinos, and some influencers are worried about potential losses. Numerous people, including popular influencer Pokimane, had been canvassing for Twitch to ban gambling. Now, the platform has taken decisive action.
In a recent development, popular American video live-streaming giant Twitch has decided to ban crypto gambling live streams. The ban will clamp down on slots, roulette, and dice gambling sites unregistered in the US. The ban aims to protect consumers’ rights from exploitation by unregistered companies.
Twitch has taken this decision amidst fears that some popular influencers might mislead many fans into serious gambling problems. For instance, popular Twitch streamer ItsSliker admitted to fleecing thousands of dollars from fans and peers.
Twitch will prohibit slots from October 18
The Twitch gambling ban is slated for October 18 and has evoked mixed reactions. Popular social media influencer Corrina Kopf has slammed the impending ban. Corrina argued that creators would soon be hit with more restrictions in the future if the ban holds.
In her words: “it won’t be long until creators aren’t able to do anything on live streams” She feels that gambling should be the players’ decision and should not be banned totally. More reactions are expected from fans and influencers alike as the date approaches.
Although the ban was not full, Duelbits, Stake, and Roobet have been kicked off the platform. However, sports betting, poker, and other forms of gambling will still be allowed, excluding slots, roulette, and dice.
How the ban will affect crypto gamblers
The ban has received negative and positive reactions. Crypto gamblers in the banned categories will now be left without an avenue to channel their gambling passions.
Also, many lucrative sponsorship gambling deals between these brands and influencers will have to be cut short. However, gambling companies licensed in the US will continue unabated, which still raises concerns that the problem will persist.
Influencers can no longer call out promo codes to encourage gamblers which will drop revenues for the affected companies.
How crypto gambling companies and streamers will bend twitch restrictions
Many gambling companies are considering alternate channels like YouTube or Dlive to continue with the gambling Livestream. Some streamers like Corinna Kopf believe that the choice is down to the users and it will be unfair to focus only on gambling.
Gambling companies can also modify their content to offer accepted categories on Twitch. BetFury, crypto iGaming platform, showed creativity by conducting “RIP Gambling on Twitch,” a ten-day marathon where users get rewarded from the $3000 price pool. This marathon seeks to unveil other unpleasant things happening on the Twitch platform.
The event is from October 8 to 18, 2022, and will get major hosting from three company brand ambassadors. BetFury twitch channel allows users to watch gambling without putting in their money. No matter the decision of, Twitch, its ultimate focus remains on users’ entertainment and information about updates in the crypto world.
If you are interested in watching live streams on Twitch, the “RIP gambling on Twitch” marathon is a fun avenue to express your views and win a decent amount of crypto.
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