Online gambling is regulated by a combination of federal and state laws in the US. Gambling websites need a license to operate in individual states—it doesn’t matter whether they’re operating with hard USD or digital currency. Many crypto casinos, like Stake and Duelbits, are based offshore in countries like Curaçao and do not have those licenses. Yet they are easy to access from the US through a VPN.
There may be big opportunities, but they can come with big risks. “A lot of the gambling promoted on Twitch is illegal or unregulated and poses definite risks for consumers, vulnerable adults, and adolescents or underage children,” says Keith Whyte, executive director of the National Council on Problem Gambling, an organization that promotes comprehensive policies to support healthy, legal gambling.
Twitch told WIRED, “We strictly prohibit illegal content and activity on the service, and take action in all verified incidents of illegal gambling that are reported to us. Our Community Guidelines make clear that ‘[Streamers] must respect all applicable local, national, and international laws while using our services. Any content or activity featuring, encouraging, offering, or soliciting illegal activity is prohibited.
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