Incredible breakdown. The pachinko comparison is spot on becasue it exposes how companies use legal gray areas to sidestep regulation. I had no clue FaZe literally funded their team through a gambling site, that level of entanglement between esports and betting is nuts. Also watching streamers push this stuff to kids under the guise of entertainment feels like amodern day cigarette ad.
This is just the start, there is one other thing that is even more relevant to the average consumer - stay tuned about how internet is getting ruined with addictions even more than ever before lol
Incredible breakdown. The pachinko comparison is spot on becasue it exposes how companies use legal gray areas to sidestep regulation. I had no clue FaZe literally funded their team through a gambling site, that level of entanglement between esports and betting is nuts. Also watching streamers push this stuff to kids under the guise of entertainment feels like amodern day cigarette ad.
Yeah the most unfortunate part about all this is influencers taking on the role of promoting such stuff to kids.
Regulation is too slow to move, and it feels like morality has been killed by capitalism :D
Fun.
There is a lot I couldn't cover, but the funny thing is - a lot of streamers actually admitted that they felt bad doing this and it's wrong
*BTS - wipes tears with 100$ bills*
I was left speechless with this one and especially streamers promoting this made me shocked so much. what a worlddd!! and great piece as always.
Thank you!
This is just the start, there is one other thing that is even more relevant to the average consumer - stay tuned about how internet is getting ruined with addictions even more than ever before lol
Thanks a lot, man!