Exposing Crypto Gambling | The Billion Dollar Industry Preying On Kids
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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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*I am not a financial advisor. This is not financial advice