If you watch a decent amount of twitch streaming it’s pretty obvious. I’m sure there are a ton of whales out there willing to dump >$1000 in one go on a streamer, but just watch something like a “subathon”, or a “hype train”. You’ll see more dollars than viewers they have move around in the span of like 30 minutes.
Or when streamers “bet” each other large amounts of gift subscriptions. That’s explicitly money, and abstracting it behind subs only masks how damn much a lot of these “bets” are really for.
I’m not going to claim that anywhere near all of it is straight laundering, but it’s pretty damn obvious just how fucking easy it would be to use it all for washing/tumbling of dirty funds.
Damn… money laundering though LIVE with its “gifts” I never thought about this. Everything else is wrong, at scale, but this surprised me.
If you watch a decent amount of twitch streaming it’s pretty obvious. I’m sure there are a ton of whales out there willing to dump >$1000 in one go on a streamer, but just watch something like a “subathon”, or a “hype train”. You’ll see more dollars than viewers they have move around in the span of like 30 minutes.
Or when streamers “bet” each other large amounts of gift subscriptions. That’s explicitly money, and abstracting it behind subs only masks how damn much a lot of these “bets” are really for.
I’m not going to claim that anywhere near all of it is straight laundering, but it’s pretty damn obvious just how fucking easy it would be to use it all for washing/tumbling of dirty funds.