The past few months have not been easy for the cryptocurrency industry.
The list of headaches plaguing the young industry is growing by the day: falling prices, proliferating scams, bankruptcy filings between leading lenders and platforms, threatening remarks from regulators suggesting stricter rules, caution from institutional investors and departures of millions of small investors that “I have lost funds and faith.
Now add to this list a major setback suffered by a growing segment of the crypto sphere: gambling. Twitch, Amazon (AMZN) live streaming platform, has just decided to ban some of the major live streaming gaming sites.
Stake.com, Rollbit.com, Duelbits.com, and Roobet.com, which present themselves as crypto casinos and crypto and NFT gaming and betting venues, will no longer be allowed on Twitch.
The ban could be extended to others
This ban will go into effect on October 18, Twitch said in a statement posted to Twitter on September 20.
“While we prohibit the sharing of links or referral codes to all sites that include slots, roulette or dice games, we have seen some people circumvent these rules and expose our community to potential harm,” the platform said.
“So, we will make a policy update on October 18 to ban streaming of gambling sites that include slots, roulette, or dice games that are not licensed in either the United States or any other jurisdiction that provides sufficient protection for gamblers. consumers, “the company continued.
He added: “These sites will include Stake.com, Rollbit.con, Duelbits.con and Roobet.com. However, we may identify others as we move forward.”
The announcement comes after several days of mobilization by users, including star streamers, who have generally denounced the authorization to gamble on the platform.
But the recent rumbling has been fueled by the fact that one of the streamers appears to have scammed large sums of money from others due to his gambling addiction.
It all started with a stream from ItsSliker, a UK-based streamer that has more than 430,000 subscribers. ItsSliker, which gained popularity in 2019, plays gambling games such as Valorant and Counter-Strike Global Offensive very often.
He is accused of deceiving Twitch viewers and other influencers into loaning them large sums of money.
ItsSliker claimed that his bank account was blocked and he needed help while the account was blocked.
Crypto gambling on the rise
He recently said in a video that he is addicted to gambling and has borrowed hundreds of thousands of dollars from other creators to finance his sports betting.
The hashtag #TwitchStopGambling has been spreading across social media in the past few days.
As the situation spread, influential Twitch figures including Pokimane, Devin Nash, Mizkif, Ludwig, and Hasan Piker called on the company to ban gambling on the platform, with some threatening to boycott for a week as a sign of protest.
Thousands of people are watching more and more influencers and celebrities compete on Twitch through slots, blackjack and other gambling games by betting with cryptocurrencies. According to Bloomberg, Stake.com sponsors top influencers by paying them $ 1 million a month.
The popularity of gambling with bitcoin, ether, and other coins is on the rise on Twitch and is among the top tiers of popular categories.