THE RISE OF CRYPTO CASINOS
Recently, thousands of people signed a petition asking the advertisers on the platform to stop advertising on the platform. Many people claim the site is immoral because it is exposing youth to gambling addiction. The big question is, what are these casinos and who uses them? Who does work it works and what impact will it have on the crypto world if more associated will gambling? If you are hearing crypto casino for the first time, you might say it is illegal. For the crypto casino to operate, they will have to locate is a place where gambling has been legalized.
If you check where an online crypto casino called Stake is, you will see it is operating under a gaming license in Curacoa. You should that not everyone that uses Stake and other online crypto casino are located in Curacoa, they are located in other countries where gambling is not legal. In June of the year, members of Congress wrote a letter to the departure of justice to ban sports betting sites. As you know already, it is not that because some of the users can use VPN to change their locations. In other words, it will be very difficult for anyone to prove that they are blocking the law. Some might want to blame cryptocurrency but virtual gambling has been around for many years and the U.S. government has been battling it for a long time.
With the help of cryptocurrency, it makes it easier to use. Right now, sports betting is legal in many places and it is starting to gain more attention. A lot is going on right now, there is a problem between casinos and twitch because about 64 of the top streamers were streaming crypto slop. You might be wondering why will famous streamers be promoting gambling. As you might have guessed already, the answer is money. Many streamers have closed the amount they made with these gambling streams because the gambling site is getting up to 35,000 dollars an hour to place these games on their channels.
It's not like these streamers have a lot of money to waste, these streamers usually get top up to their balance and this is illegal because they are not disclosing it to their audience. They can be charged with malicious deception because they not disclosing it to their audience. They will act as though they are losing money but in reality, their balance will be often top, and also get sponsorship rewards. You should know that streamers don't claim to be role models, they are just entertainments.
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