Counter-Strike Skins Drive Twitch Streaming Gambling

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  • Twitch, the popular streaming site where millions of users spend hours every day watching live streams of their favorite gamers or even solving real-time math problems, has recently witnessed the rise of gaming. cryptocurrency, including bitcoin casinos and sports betting.
  • This can be traced back to websites that offer Counter-Strike Skin gambling.
  • Sponsorships on Stake.com are profitable, but all of its streamers have moved to Canada.

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Tracing the origins of Counter-Strike

Bloomberg video game journalist D’Anstasio said in a podcast for Bloomberg Crypto that crypto gaming did not come from crypto but rather Counter Strike Skins, the wildly popular first-person shooter in which players Players enjoy “dressing their weapons with so-called skins and the lucrative market where they can sell and buy these skins.

She went on to cite websites she discovered years ago that offered the chance to “win” skins by playing roulette. These websites were lucrative and operated by large companies, but the most important aspect was that people under the age of 18 were also participating, which is alleged to be “a problem by legal standards” which has led to numerous lawsuits. . D’Anstasio responded to the topic of when exactly crypto gambling Twitch became popular by stating that some of the skin gambling sites have switched to crypto gambling websites.

“Crypto gambling is an intriguing phenomenon,” she added, explaining that it’s not legal anywhere in the United States because it’s regulated state by state and “no state has yet deemed it legal. “.

She then turned her attention to offshore companies, specifically Stake.com, which is incorporated in Curacao and offers roulette, slots and blackjack, but players bet with cryptocurrency instead of cash. real money; this appears to be a continuation of the Counter-Strike Skin game as it is not real money. She further claimed that since crypto gambling is a gray area, it allows players under the age of 18 to participate.

She did not pass up the opportunity to criticize Drake and his association with Stake.com, pointing out that his initial stake a few months ago was $9 million and his roulette bets ranged from 300,000. at $1 million.

Under the radar of the regulatory system

D’Anstasio explained that Congress and the American Gaming Association (AGA) are focused on illicit sports betting rather than crypto-gaming. The host then inquired about the mechanisms that allow crypto-gaming companies to verify whether a player is playing from a legal state or not.

Asked about the international legality of crypto gambling, she pointed out that all players who stream gambling material on Twitch and are sponsored by Stake.com have moved from the United States to Canada.

D’Anstasio said, in response to a question about the sponsorship economy from Stake.com, that she knows a streamer who was paid $90 million to stream crypto gaming content, and that’s not even not the greatest offer; others earn several million dollars each month.

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