In a statement shared on Twitter, the u.s.-based company stated that the ban which will take effect on October 18 will apply to gambling sites that include slots, roulette, or dice games that are not licensed either in the United States or “other jurisdictions that provide sufficient consumer protection.”
“While we prohibit sharing links or referral codes to all sites that include slots, roulette, or dice games, we’ve seen some people circumvent those regulations and expose our community to potential harm.”
The statement does not in particular mention a ban on cryptocurrency betting. Nonetheless, it called out sites that fall into the category of not being licensed in recognized jurisdictions including Stake.com, Rollbit.com, Duelbits.com, and Roobet.com. These are all sites that have drawn well known streamers on the platform who gamble using digital currencies like bitcoin (BTC) and Ether (ETH).
The statement added that more such sites will be added to the list as time passes and likewise publish a more comprehensive gambling policy soon. In the meantime, the ban does not affect websites that focus on sports betting, fantasy sports, and poker.
Twitch reconsidering its stance on gambling
The statement is coming on the back of a series of events on the video game streaming platform. Fortune reports that a few Twitch premium streamers have been threatening to go on strike if regulations are not put in place to prohibit gambling following a revelation that a well known streamer had been scamming others to fund his gambling addiction.
The protesting streamers have stated that their grouse is particularly against luck-based gambling as it could be “objectively harmful to the website and its users.” This has been highlighted by the fact that virtual slots is at present the 10th most well known Twitch streaming category while users have watched about 244 Million hours of gambling streams in the 1st 6 months of 2022.
Before the streamers’ protest, Twitch had told Bloomberg that it is looking into the gambling boom that is drawing users into ” cryptocurrency casinos” and fueling a gambling addiction trend.
Similarly, cryptocurrency gambling has likewise been gaining notoriety on other video game streaming platforms such as YouTube games. Facebook Gaming and other smaller streaming platforms are likewise in the mix and looking for solutions to the growing problem.
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