Fake Money & UKGC Ban on Twitch Streamers

[daewood34]

I am wondering what the rules are on "Fake Deposits" I notice that Prophbetting was banned and removed from Casino Grounds after he admitted on stream he was using fake, non-withdrawable money. 

It has just came to light in the last 2 days or so that a very popular UK streamer is getting all his deposits covered for him/her by making videos of certain brands. 

is this not the same as fake money just in a round about kind of way? 

they are now saying that the UKGC has banned this streamer from Twitch 

I am not making this to get into a debate regarding Prohbetting or the streamer in question - just asking in theory If you deposit £1000 on a casino and your getting £1000 back as a promotion fee, its not really £1000  risk is it? 

[Teamkayenne]

Definitely not.

[daewood34]

How so? 

They deposit it covered by the casino. It is not their money 

[dirtystack]

2 hours ago, daewood34 said:

How so? 

They deposit it covered by the casino. It is not their money 

Teamkayenne is agreeing with you.

you said :

3 hours ago, daewood34 said:

Its not really £1000  risk is it? 

Teamkayenne said:

2 hours ago, Teamkayenne said:

 

Definitely not.

 

 

[daewood34]

I understand. 

Why does nobody care about this? 

[LetsGiveItASpin]

2 hours ago, daewood34 said:

I understand. 

Why does nobody care about this? 

I'm unsure who you're refeering to, would be interesting to know. As for fake money streamers it has actually shifted from the player not being able to afford it to many casinos not being able to or unwilling to take the liability of someone playing obscene stakes. A lot of the wins you see by streamers are real wins but they won't get the money hence it's all for show unfortunately (we all know who they are).

[Nosound113]

3 hours ago, LetsGiveItASpin said:

I'm unsure who you're refeering to, would be interesting to know. As for fake money streamers it has actually shifted from the player not being able to afford it to many casinos not being able to or unwilling to take the liability of someone playing obscene stakes. A lot of the wins you see by streamers are real wins but they won't get the money hence it's all for show unfortunately (we all know who they are).

No we don't know 😉 Enlighten the masses! 

[Sooty_One]

11 hours ago, daewood34 said:

I am wondering what the rules are on "Fake Deposits" I notice that Prophbetting was banned and removed from Casino Grounds after he admitted on stream he was using fake, non-withdrawable money. 

It has just came to light in the last 2 days or so that a very popular UK streamer is getting all his deposits covered for him/her by making videos of certain brands. 

is this not the same as fake money just in a round about kind of way? 

they are now saying that the UKGC has banned this streamer from Twitch 

I am not making this to get into a debate regarding Prohbetting or the streamer in question - just asking in theory If you deposit £1000 on a casino and your getting £1000 back as a promotion fee, its not really £1000  risk is it? 

Since there are only really 5 big UK casino streamers,  I find this interesting as I'm pretty sure none of those would stick with brands offering to cover their deposits,  this removes the risk factor for them and looks like pulling a 'rosh'

[Slotspinner]

Fake money is defined as non withdrawable. If someone gets sponsored all the deposits, but wins 50000€ and the casino has to pay it out to the player, its real money after all

[dirtystack]

9 hours ago, LetsGiveItASpin said:

I'm unsure who you're refeering to, would be interesting to know. As for fake money streamers it has actually shifted from the player not being able to afford it to many casinos not being able to or unwilling to take the liability of someone playing obscene stakes. A lot of the wins you see by streamers are real wins but they won't get the money hence it's all for show unfortunately (we all know who they are).

He is referring to chipmunk or whatever his name is.

16 hours ago, daewood34 said:

they are now saying that the UKGC has banned this streamer from Twitch 

I don’t see how the UKGC could have any influence whatsoever over Twitch.

 

[the_68]

46 minutes ago, dirtystack said:

He is referring to chipmunk or whatever his name is.

I don’t see how the UKGC could have any influence whatsoever over Twitch.

 

UKGC has banned a few casinos from Twitch, from october.  Not a particular streamer. 

[Li_Shang]

I wouldnt care much if its still withdrawable. But ppl playing 20-50 euro bets on 4 slots at the same time then just acting when they win and they can't even withdraw it is just horrible. 🤮

[dirtystack]

1 hour ago, the_68 said:

UKGC has banned a few casinos from Twitch, from october.  Not a particular streamer. 

Looked it up. 

They are asserting that if a casino doesn’t have a UKGC licence then It can’t be shown, via twitch, to a U.K. audience.

Makes sense, and while it’s policeable for this specific thing, it implies that all content must be licensed/ permitted in the viewers region.  

[Sooty_One]

1 hour ago, dirtystack said:

Looked it up. 

They are asserting that if a casino doesn’t have a UKGC licence then It can’t be shown, via twitch, to a U.K. audience.

Makes sense, and while it’s policeable for this specific thing, it implies that all content must be licensed/ permitted in the viewers region.  

That makes sense,  but which UK streamers are on casino's without a UKGC licence? I would have thought most would be?

[the_68]

1 hour ago, dirtystack said:

Looked it up. 

They are asserting that if a casino doesn’t have a UKGC licence then It can’t be shown, via twitch, to a U.K. audience.

Makes sense, and while it’s policeable for this specific thing, it implies that all content must be licensed/ permitted in the viewers region.  

Yeah exactly. Last time I heard it was 3 casinos, but it will be a lot more.

18 minutes ago, Sooty_One said:

That makes sense,  but which UK streamers are on casino's without a UKGC licence? I would have thought most would be?

I will be clear soon  They will move to yt.

[casio]

Clickmonkz has admitted to using Fake Money on Bandits forum 

https://www.backinamo.com/forum/topic/kickbacks-for-affiliation/page/6/

We have invited a full investigation with UkGC. 

 

[Orzabot]

32 minutes ago, casio said:

Clickmonkz has admitted to using Fake Money on Bandits forum 

https://www.backinamo.com/forum/topic/kickbacks-for-affiliation/page/6/

We have invited a full investigation with UkGC. 

 

I read the thread you are linking to, and all i saw was someone thinking he did that. But chipmunkz himself did not admit to that, please show me were he admit playing with fake money. 

I am not saying he does NOT do that but please this is worse than the "huge mega win" clickbait that chip does to promote his youtube videos. 

 

[casio]

 He's basically admitted to a video fee  to fund the streams and admitted he only uses those casinos because no one else does 😡😡

[slotsofun]

Ahh, the bandit supporters out in full. Rinsing someone for their irresponsible gambling, yet not looking in their own front porch. How's the bandits responsible gambling going these days?

I also don't see where he says he gets a fee from the casino. Affiliation money is basically pay for work, if he wants to use that, it is his OWN money.

Using casino's that nobody else does because there's no more affiliation customers in the "big casino's" anymore. 

Go spout your brown mouth nonsense elsewhere.

[Slotplayer]

On ‎22‎/‎09‎/‎2020 at 10:57, Slotspinner said:

Fake money is defined as non withdrawable. If someone gets sponsored all the deposits, but wins 50000€ and the casino has to pay it out to the player, its real money after all

Totally disagree with that statement. It is playing with casinos money. There is absolutely no risk.

Streamers that don't have such deals are the proper non fake money streamers. Yes, they get better bonus deals, yes they play with affiliate money but it is their money after all. If week upon week of lost deposits then it hits your pockets unlike the sponsored deposit streamers as you describe it.

[Teamkayenne]

Lets be honest. Playing with non-withdrawable money is the easiest way for a streamer to do and attract customers as well. The chances of someone having his deposits sponsored is rare, but possible. The thing is that when someone does that, he agrees to terms with max cashout policy. So if someone plays sponsored money, eg. 1000 euros and wins 20000 euros, he might not get it all, since the terms he agreed to with, states a 10x max cashout policy. So 10k euros. 

Streamers usually play with affiliate money. Especially if the affiliation money is good a particular month, they might also bet higher, but not a 50euro bet for crying out loud. 

The biggest problem with the fake streamers is one thing only. They bet high, making it look fun to the audience. So thats against protected gambling. 

If i bet a 20 euro bet per spin, i will not even crack a smile. If i hit a bonus with a 20 euro bet, you will see sweat and relief. Not acting like its a usual thing. 

Most of them, are playing with their phones while they hit a 1000x with a 20-40 euro bet, and the funniest thing is that, THEY DONT EVEN KNOW THE LINES!!! 

 

[Slotspinner]

18 hours ago, Slotplayer said:

Totally disagree with that statement. It is playing with casinos money. There is absolutely no risk.

Streamers that don't have such deals are the proper non fake money streamers. Yes, they get better bonus deals, yes they play with affiliate money but it is their money after all. If week upon week of lost deposits then it hits your pockets unlike the sponsored deposit streamers as you describe it.

Call it no-risk money then, but its not fake money if the streamer/player gets all the winnings

[dirtystack]

Free money.

Not really representing to the viewer the realities of gambling. 

Free in that, should you lose your balance, you are no worse of then you were prior to playing. 

It is fake if the streamer/player incurs no loss when they lose their balance. You can't say that they lost out on potential earnings when they lost their balance and didn't cash out.

If it's fake when they lose it, it's still fake when they win and cash something out.

It is disgusting.

What is it? are they giving affiliate payments through the casino client? Tax dodge? what?

If casinos are doing this and giving streamers a balance to play with, the profit of which they can cash out. How is that not a payment for services which has completely avoided the tax man?

Casino gives streamer £1000 to pay with for advertising their casino - tax free payment.

Streamer doubles balance and cashes out £2000 - they should still be paying tax on that initial £1000

Suggest the various gambling commissions look into that potential tax dodge. 

Dodgy as fuck and if some casinos are doing this, well, what else?

Some of those multiple thousand x wins on the new games, first time playing them them, they legit or are they just another way for the casino to issue affiliate payments and advertise new slots.

Get the tax man on it, he has more teeth then gambling commissions.

Edited 25 September, 2020 by dirtystack

[Adamski22]

It is just makes me laugh now seriously.i can see that most of the streamers world is about to collapse.im pretty much sure that only  10% of the casino streamers that we have on twitch are purely legit which means to me that they depositing their money, real money not some fake shit sponsored by casino that they promote.how many of you streamers can stand in front of the mirror and honestly say that he is legit as he claims to his viewers? How many of you can tell that never used fake money?all these ultra high stakes come on we all know reality of gambling to afford this kind stakes you clearly have to be millionerre or be super irresponsible person. Plus hows that suppose to work that casino gives you fake money but if you win you can cash the winnings out?!. Its like shooting yourself in the foot for casinos.giving streamers free chance to win massive (like 100k on doa2 one the streamers for example). Full of bullshit.enough of fake money fake reactions on massive wins #bereal

[Orzabot]

Omg wow huge profit, best win ever wow wow wow.

Does looking like a complete idiot on the thumbnail really gives more views?