How casinos abused Twitch to build a billion-dollar business
Twitch banned gambling sites that include slots, roulette, or dice games. Stake.com, Rollbit. com, Duelbits.org, and Roobet.co were explicitly banned for not providing sufficient consumer protection. Before this change, Twitch streamers affiliated with the casino industry sometimes received sponsorship money to gamble. Some of these streamer have been accused of swindling hundreds of thousands of dollars from fellow streamERS and fostering gambling addictions. Trainwreck admitted that he was an addict. Mizkif claimed that gambling companies were willing to pay up to $10 million per partnership.
The gambling community is positive about Twitch's new gambling rules. Chris Scicluna, CEO of Livespins, and Aidan Cliff, account manager of Square in the Air, are optimistic about the change. They hope it will give more credibility to the industry and protect punters. The current system will be streamlined to a new standard. Jared Wynne will start gambling at 1:09 am on May 2, 2022. He will continue until 1.55 am in June 2022 and 1,37 am in November 2022, when he will stop.