Hello, Iβm Dennis. With almost 10 years of experience in the online gambling industry (since 2014), I bring a wealth of expertise to the table. My specialization lies in casinos and crypto casinos, where I have honed my skills and knowledge. Throughout my career, I have written extensively on topics ranging from online poker to sports betting, contributing valuable insights to the field. Explore the dynamic world of the gambling industry through my expert materials and stay informed on the latest trends and developments of gambling world.
Twitch gamers are against gambling and crypto casinos?
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What are crypto games?
Twitch to ban live streaming of crypto gambling
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WIRED research
WIRED published an article about the phenomenon of crypto-casinos and their cooperation with popular streamers, and we have selected the main points from it. Crypto-casino advertisements started appearing quite recently β since April 2021. One of the first streamers who agreed to participate in their promotion was Tyler Nicknam, better known by his nickname Trainwrecks. His channel now has over 1.5 million subscribers, and his broadcasts average 25,000 viewers each. He mostly streamed games like World of Warcraft, but since April, he has completely switched to crypto-casino Stake. Since then, he has been streaming up to twelve hours a day.
Tyler’s excitement can be explained by several factors. First, the recordings of his game broadcasts on Stake gather up to two million views. Secondly, he earns several hundred thousand dollars a day on bets. But the author of WIRED believes that his interest is mainly due to his contract with Stake: the casino pays him a lot of money for advertising the site. For this reason, Tyler even moved to Canada to avoid problems with the law.
Many streamers who advertise Stake and other similar casinos may also move from the US to other countries. The fact is that this business is illegal in the United States: crypto-casinos do not have a license to operate in the country. These companies are registered on the territory of Curacao and other island countries, so their owners do not have to pay taxes on profits.
American streamers have to log in to crypto casinos via VPN to get around the restrictions. So far, this scheme is working, but WIRED experts believe that soon these sites may be interested in the US authorized bodies. The owners of Stake and other crypto-casinos are not threatened, but streamers risk their freedom by advertising illegal gambling.
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Twitch reconsiders its position on gambling
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