Are Twitch and Crypto Gambling Compatible?
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Cryptocurrency gambling is once again hitting the headlines. There are some confusion over and is and isn't allowed on platforms such as Twitch. Twitch has had to deal with its own Cryptocurrencies gambling controversies.
Cryptocurrency gambling on Twitch has been making headlines recently. One of the most recent stories involves Twitch streamer "Trainwrecks" who has 1.5 million followers. He has used a prominent betting platform to place Cryptocurrencies bets and won a lot. The website is not available in the US, but he must have accessed it via VPN.
Some of the top Twitch streamers are promoting Cryptocurrency casinos. This is against the rules of Twitch. Some of them can earn $10,000 for an hour of live streaming. 21% of their community is under 18 years old. Twitch is getting stricter on the gambling rules. It is estimated that 64 of top 1000 Twitch broadcasters have promoted Cryptocoins.
Twitch is against gambling content on its platform. It is hard to monitor whether any gambling is being promoted. Different countries have their own gambling rules and regulations. Many online casinos are optimising their platforms for Crypto integration. Twitch has to consider whether they want their platform to be used for promoting digital currency. Cryptocurrency is still a new and volatile investment.
There is a crackdown on social media advertising. Recently a Twitch streamer revealed that he had been playing with house money when he streamed him gambling at a popular casino site. Twitch will want to put a stop to such videos. The Advertising Standards Agency is monitoring the online gambling industry. If Twitch doesn't take control, it will be banned. The way we promote betting has been under scrutiny for many years.
