Investigative Journalist Looks Into The Abyss Of Crypto Gambling, Here’s What They Found | Bitcoinist.com
The rise of cryptocurrencies as a medium of exchange led to the emergence of a number of crypto gambling sites....
- The rise of cryptocurrencies has led to the emergence of crypto gambling sites in the gambling industry.
- Digital investigations journalist Sanya Burgess uncovered unethical actions by several crypto gambling sites.
- Some crypto casinos break British gambling laws to promote their sites and target the UK gambling market.
- These casinos sponsor influencers to live stream themselves gambling with "fake" money, without disclosing it.
- Viewers unaware of the ads and fake winnings may place bets themselves, contributing to the casinos' business model based on addiction.
- Some crypto casinos pay British streamers to bypass geo-blockers and access illegal sites.
The article highlights the unethical actions of certain crypto gambling sites and the negative impact they have on compulsive gamblers. It also sheds light on the illegal activities of these sites and their manipulation of influencers. Overall, the sentiment is negative towards these practices.