Twitch gambling has built a billion dollar industry in the grey area of law
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There’s a multi-billion dollar online gambling racket being built right under our noses.It’s made to look like anyone can win big. It’s being pushed on large platforms despite being largely illegal. It’s promoted by some of the largest online influencers. It’s targeted towards underaged minors and young adults.This is the billion dollar industry built on child gambling.
An epidemic has arisen where popular twitch streamers are being paid massive sums of money to play online crypto gambling games.
The issue isn’t the sponsorship in itself. The issues arise in the unclear and unregulated win rates, the conflict of interest built into commission structure, and the primary audience.
Twitch is a live streaming service that has a near monopoly on entertainment streams owning over 90% of the video game streaming market. This has caused Twitch to be THE go-to spot for young people, in fact more than 1 in 5 twitch viewers are between the ages of 13 and 17 years old.
Recently popular streamers have begun being paid to promote gambling to their viewers on sites like Roobet and this has stirred up a ton of drama. Let’s explore this deeper.
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We can’t accountability away from parents.
Logan Paul tried this with his CryptoZoo scam. highly addicting gambling disguised as a video with cute characters aimed at attracting children. its disgusting how low out society has sunk
I am one of those
Kids life is hard 😊
Thank you
WOOOOOOOOOOOO! cryptoMANIAC!
I ld love to do that !
Thanks a lot for researching this. They even have Drake doing this stuff now, yet there’s hardly a peep from anyone about how unbelievably sketchy it is.
Am i the only one making bank these days? Faucets still work!
https://youtube.com/shorts/NQZ4zomxKcg?feature=share
Very interesting content, I would also be glad if anyone here can explain a few things to me, this is 2022 and I believe it's my time to invest and shine for a better future
part 2 plz
Like this video
What the name of ceypto casino they promote ?
Great video man! Thanks for making it
I started online gambling around last year when i was seeing crypto casino grow big with these streamers, I’m around 19-20 years old and would lose money left and right and sometime win big but end up losing when I go back to the casino with the winnings. I just recently quit after realizing I’ve lost around $30k in a year, which was all of my money I’ve saved up for working for 4 years. It just feels bad and it shouldn’t be this easy for young adults to lose money like this. Horrible and disgusting
they get 1 mill a month side check from fans loses then handed unlimmited fake cash that they just gamble with and most of that is fed back into casinos and then those wins are from fans loses because these sites would be out of business without them
Gambling is a choice and a child should be educated by their parents to avoid it if they decide to teach it
Pleas make a video again!
Gambling without self-control and prior knowledge of side effects can harm your whole life. You will be working against your brain reward system and this is super hard. Especially these Twitch streamers’ fans can be very young and this impact can last for life.
Imagine making this video while shilling a referral link to the most gamified cryptocurrency exchange on earth in your video's description. Pot…meet kettle.
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Valid points, thank you for making this.
Given that anonymous casinos are a great opportunity to launder money, what is the likelihood that this money is even clean. Here, have $35,000 of dirty money, even if we only earn back $10,000 from it, it will keep the IRS off our backs. How do the streamers account for this money to the IRS in a state where the gambling is illegal? They "won" it illegally or they were given money which they would then have to declare as earnings – if the latter then that's an admission of being paid.
I also find it very odd that there seem to be very few YT videos tackling the shady practices of online casinos. I'm sure they've been present at some time but interested parties get rid of them.
Nice video man, good topic
This is the best video I have seen on this topic so far! It needs to be shared more!! This is an extremely dangerous thing that’s happening.More people commit suicide per capita from gambling addiction then any other addiction.
So complain about gambling but not alcohol sponsors on streams got it makes sense
People are making a big deal they only reason its not “legal” in the USA is because the big land casinos don’t want competition from new people. In Europe and India, South America its legal think for yourself
If you make the right moves you won’t be among the “Kids” being preyed on
Bagging solana and investing in s&p 500 are examples of good decisions and $50,000 worth of stocks were my reward
hello Sorry to bother you. Business consultation and cooperation. Are you interested? Can you send me Telegram or WhatsApp? Thank you very much!.
Wow. I didn't know about that. I knew that there is no KYC, but had no idea about the extend of the problem with children gambling. Thanks for sharing.
Great video! I appreciate all the time you spend on research and would love to see a part 2!
i miss the good ole days where the only "problem" on twitch was "tiddy streamers".
Oh you are SOOOOOO ON IT!!!! My 11 year old was watching it and I was like WTH!!!! No shut it down!
Thankfully we’ve talked to our son about it but TWITCH NEEDS TO SHUT THIS DOWN!!!!
It's unfortunate that most kids (and adults) are not well educated on statistics, otherwise people would gamble a lot less… Also, some people are mentally sick and addicted to gambling, and these companies and streamers are preying on them… it paints a very bleak picture of the online gambling industry as a nasty predatory industry.
I don't think anyone out their beats your authenticity! You making this video is applaudable our youth our young boys especially need more content creators and role models like you!
Hello Max! Wow this is interesting, great video! Have a blessed night!! Blessings to you, your business and all that you do! 🤗😍💖💯
Wow
You’re doing great sweetie ❤️😘
All of you youtube schills would jump at the chance for that kind of money. you are already doing it on a smaller level with referral fees and stuff. you're a hypocrite.
This info is mind blowing, 1 million a month is kinda hard to turn that down🤦🏼. I agree to all the points that was made just be extra transparent, crystal clear and we got no problem over here. But wow🤑🤒😴
Pokemaine 😍
Been happening for about 15years now in gaming all around and all genres: microstransactions, lootboxes, surprise mechanics digital card Ultimate Teams (EA is the leader of these scams via their popular sports titles Madden & FiFA), the trendy sports/art/celebrity NTF's and now this.
Europe has been trying to crack down more on these. Mainly scummy EA & EA Sports Microtransaction/Ultimate Team digital cards/"surprise mechanic" (aka gambling for extras/player cards etc) tactics
Def predatory towards kids with access to their parents built in CC accounts in consoles and dumb adults that purchase/play/support these scummy business models.
Gambling is for suckers. Thank you for a great video Max.
What crypto gambling???? Im all in!!