Twitch to ban crypto gambling live streams

According to the company's decision, the ban will go into effect on October 18

21.09.2022 - 15:25

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2 min

What’s new? Streaming platform Twitch will ban crypto gambling live streams. The list of gambling sites includes Stake.com, Rollbit and Duelbits.com, which “aren’t licensed either in the US or other jurisdictions that provide sufficient consumer protection.” Stake.com, the most popular of these sites, is licensed in Curacao. The ban goes into effect on October 18. The company announced its decision on Twitter.

An update on gambling on Twitch. pic.twitter.com/lckNTY9Edo— Twitch (@Twitch) September 20, 2022

What is the public's opinion? Twitch streamers and viewers have spoken out against crypto gambling streams. Several top Twitch streamers said this week that they will stop streaming unless the platform takes action against gambling.

According to TwitchTracker, gambling streams are almost as popular as let's plays. At any given time, more than 50 000 people watch Twitch celebrities play slots, blackjack and other gambling games, mostly with cryptocurrencies such as Ethereum and bitcoin.

What is known about Twitch? It is a video streaming platform that specializes in computer games, including gameplay streaming and esports tournaments. It was created in 2011. Videos on the service can be viewed both in real time and on demand. The platform is owned by Twitch Interactive, a subsidiary of Amazon.

Earlier, the media reported that Netflix was planning to ban ads for cryptocurrencies, politics and gambling in a new subscription rate.

In late January, Entain, a sports betting and gambling company, said it was investing $133 million to develop the metaverse.

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