Updated May 29, 2022For an introduction to those unaware here’s a quick video on the scams this company is running.
Stake runs an online gambling site from a back channel country, Curaçao, that only recently earned their independence in 2010. Online gambling licenses are simple to get and extremely lucrative because of the lax age verification and tax evasion laws there.
The recent rise of “gamba” streams on streaming platform Twitch has caused the site to gain popularity among the main age group of the platform, 15-24 year olds, the low end of the age group otherwise wouldn’t even come across this content without the help of sponsored streams. These sponsored streams are most notably TrainwrecksTV, XQCow, Adin Ross, among others on the platform.
“Sponsored streams” are sponsored by the site Stake and other large gambling platforms using an affiliate code dedicated to the streamer that draws viewers to the site by offering “free” balance if you enter the affiliate code when making a deposit. The free balance is only available if you make a deposit with real money of a certain amount. The streamer benefits from the affiliate code. How you may ask? Losses generated from users who use the affiliate code to earn the free balance are the main source of income to the streamer.
Broken down simply: X site gives X streamer 1m in funds to gamble on the sponsored stream with, attached with an affiliate code. Y viewer enters affiliate code from X streamer with a deposit of $100 and earns $50 in bonus balance. Y viewer loses $100, and X streamer receives % of the loss. Most of these sponsored steamers have 30k+ viewers at any given time during these sponsored streams. You can see how quickly the funds can add up.
Drake comes into this for the same reason. He’s given an affiliate link, with millions of fans and subscribers to his media. The rest you can figure out for yourself.
TLDR:
-Stake is capitalizing on their model of affiliate code generated funds
-These funds are generated from the losses of users who use the affiliate code
-Users of the affiliate code otherwise wouldn’t even think of gambling online with their real money without exposure from streamers, and now DrakeHere’s a very detailed video of the breakdown of affiliate codes and the predatory nature of it
Streamer asks 11 year old Adin Ross fan if he gambles:
m.twitch.tv/clip/CorrectWildGooseFeelsBadMan-Odh-QsgKp7WHYJIt
May 23, 2022Cap
May 23, 2022·6 repliespredatory nature this predatory nature that
I've never gambled in my life and I never will. Don't give a s*** who gets on stake or who streams what. People around me drank and smoked and did d**** from day 1 and yet I've been straight edge my whole life.
At the end of the day it's up to the individual. We need to start promoting the idea of taking responsibility for your own actions. We need to strengthen the will of the people. Too many weak individuals that wanna blame everything on streamers and s***. Man up, nobody is forcing you to do anything.
May 23, 2022·1 replyJihyopredatory nature this predatory nature that
I've never gambled in my life and I never will. Don't give a s*** who gets on stake or who streams what. People around me drank and smoked and did d**** from day 1 and yet I've been straight edge my whole life.
At the end of the day it's up to the individual. We need to start promoting the idea of taking responsibility for your own actions. We need to strengthen the will of the people. Too many weak individuals that wanna blame everything on streamers and s***. Man up, nobody is forcing you to do anything.
kindergarten ass post
- May 23, 2022·3 repliesJihyo
predatory nature this predatory nature that
I've never gambled in my life and I never will. Don't give a s*** who gets on stake or who streams what. People around me drank and smoked and did d**** from day 1 and yet I've been straight edge my whole life.
At the end of the day it's up to the individual. We need to start promoting the idea of taking responsibility for your own actions. We need to strengthen the will of the people. Too many weak individuals that wanna blame everything on streamers and s***. Man up, nobody is forcing you to do anything.
Explain that to the thousands of teenage kids signing up to Stake and gambling with moms credit card, beating that need into their brain for years to come. It is EXTREMELY simple to sign up for the site. Literally 0 identity verification in the process
It’s easy for you to say that cus it’s easier to hold the young impressionables responsible instead of holding the enablers with all the power responsible.
It’s literally young kids we are talking about. Not grown ass adults
- May 23, 2022·1 replyLegitAlpha· edited
For an introduction to those unaware here’s a quick video on the scams this company is running.
!https://youtu.be/jNIBOHq7SJoStake runs an online gambling site from a back channel country, Curaçao, that only recently earned their independence in 2010. Online gambling licenses are simple to get and extremely lucrative because of the lax age verification and tax evasion laws there.
The recent rise of “gamba” streams on streaming platform Twitch has caused the site to gain popularity among the main age group of the platform, 15-24 year olds, the low end of the age group otherwise wouldn’t even come across this content without the help of sponsored streams. These sponsored streams are most notably TrainwrecksTV, XQCow, Adin Ross, among others on the platform.
“Sponsored streams” are sponsored by the site Stake and other large gambling platforms using an affiliate code dedicated to the streamer that draws viewers to the site by offering “free” balance if you enter the affiliate code when making a deposit. The free balance is only available if you make a deposit with real money of a certain amount. The streamer benefits from the affiliate code. How you may ask? Losses generated from users who use the affiliate code to earn the free balance are the main source of income to the streamer.
Broken down simply: X site gives X streamer 1m in funds to gamble on the sponsored stream with, attached with an affiliate code. Y viewer enters affiliate code from X streamer with a deposit of $100 and earns $50 in bonus balance. Y viewer loses $100, and X streamer receives % of the loss. Most of these sponsored steamers have 30k+ viewers at any given time during these sponsored streams. You can see how quickly the funds can add up.
Drake comes into this for the same reason. He’s given an affiliate link, with millions of fans and subscribers to his media. The rest you can figure out for yourself.
TLDR:
-Stake is capitalizing on their model of affiliate code generated funds
-These funds are generated from the losses of users who use the affiliate code
-Users of the affiliate code otherwise wouldn’t even think of gambling online with their real money without exposure from streamers, and now DrakeHere’s a very detailed video of the breakdown of affiliate codes and the predatory nature of it
!https://youtu.be/L0HwV4DcZ6AStreamer asks 11 year old Adin Ross fan if he gambles:
https://m.twitch.tv/clip/CorrectWildGooseFeelsBadMan-Odh-QsgKp7WHYJIt
This is just wrong lol
- May 23, 2022·1 replyJJ Trades
This is just wrong lol
How? What am i missing?
Illermatic 🛰️May 23, 2022·2 repliesArtist with a net worth of a quarter of a billion making money off his fan's gambling losses
sounds like some scummy s*** to me
Kenig 💭May 23, 2022Me when I
- May 23, 2022·1 replyLegitAlpha
How? What am i missing?
(Big) Streamers don’t make their money from affiliate codes
Most get % of withdrawal or “go in raw” (…pause)
- May 23, 2022Illermatic
Artist with a net worth of a quarter of a billion making money off his fan's gambling losses
sounds like some scummy s*** to meI mean yeah but this isn’t even a thread to s*** post on drake. Been a fan of dude since 09 and still am. Just wanna bring awareness to this scam ass site now that it’s leaking into the mainstream even more
- May 23, 2022·2 repliesJJ Trades
(Big) Streamers don’t make their money from affiliate codes
Most get % of withdrawal or “go in raw” (…pause)
Disagree.
Watch the 2nd video in OP. There’s even vids of (big) streamers accidentally leaking their earnings from losses and stakes placed.
There’s been videos exposing in flows and out flows in the block chain from stake wallets that are linked to in flows from users that are out flowed directly from losses to affiliate wallets
- May 23, 2022·1 replyLegitAlpha
Disagree.
Watch the 2nd video in OP. There’s even vids of (big) streamers accidentally leaking their earnings from losses and stakes placed.
There’s been videos exposing in flows and out flows in the block chain from stake wallets that are linked to in flows from users that are out flowed directly from losses to affiliate wallets
I literally personally know the “big” streamers and their deals
They get “refilled” and when they withdraw they get a % of however much they withdraw.
- May 23, 2022·edited
ktt2.com/cheating-is-a-valuable-skill-118400
I don't see the problem but at the same time I can see why it would be to others. I'm on the drake side here. If he isn't doing anything "illegal" than I don't see the problem. I'm only friends with "Mr. Morale" if it is in my favor.
- May 23, 2022·1 replyJJ Trades
I literally personally know the “big” streamers and their deals
They get “refilled” and when they withdraw they get a % of however much they withdraw.
What you’re saying is these companies are operating at a net loss then? Cus that’s what your model is saying.
Either way the whole concept of affiliate codes is troubling and there’s not really an argument to that. Ignoring the dozens of youtube videos breaking down how they actually work
- May 23, 2022
If you can be influenced on how you spent your money based on the PR ads a nearly billionaire rapper does you have other issues in life.
May 23, 2022
- May 23, 2022·1 replyLegitAlpha
What you’re saying is these companies are operating at a net loss then? Cus that’s what your model is saying.
Either way the whole concept of affiliate codes is troubling and there’s not really an argument to that. Ignoring the dozens of youtube videos breaking down how they actually work
What’s wrong with their affiliate code, from my knowledge on it, it’s practically like every affiliate code ever.
Its a business, is it a toxic, addictive, and mentally damaging business? Sure.
Those companies do not operate at a net loss they make a ridiculous amount of money… (they are giving Drake a ridiculous bag)
- May 23, 2022Illermatic
Artist with a net worth of a quarter of a billion making money off his fan's gambling losses
sounds like some scummy s*** to memob ties s*** fr
May 23, 2022·2 repliesdrake's a piece of s*** there is nothing new there, and those saying that it's the fault of those who get influenced are straight up braindead
- May 23, 2022·2 repliesJJ Trades
What’s wrong with their affiliate code, from my knowledge on it, it’s practically like every affiliate code ever.
Its a business, is it a toxic, addictive, and mentally damaging business? Sure.
Those companies do not operate at a net loss they make a ridiculous amount of money… (they are giving Drake a ridiculous bag)
It’s a gambling business, a business where 1/5 people attempt/commit suicide
Couple that with the fact that the watchers ages of these big streamers is skewed heavily to the teenage side. Are you just being obtuse?
Edit after your edit: How do you think they are able to give drake (and streamers with arguably a more problematic reach) a ridiculous bag? Through the funneling of losses of users who are drawn to the site through sponsored streams and ads in drakes case
- May 23, 2022LegitAlpha
It’s a gambling business, a business where 1/5 people attempt/commit suicide
Couple that with the fact that the watchers ages of these big streamers is skewed heavily to the teenage side. Are you just being obtuse?
Edit after your edit: How do you think they are able to give drake (and streamers with arguably a more problematic reach) a ridiculous bag? Through the funneling of losses of users who are drawn to the site through sponsored streams and ads in drakes case
At this point you can say damn near every big celebrity is a terrible human, they all promote a “vice”
- May 23, 2022·2 repliesLegitAlpha
Explain that to the thousands of teenage kids signing up to Stake and gambling with moms credit card, beating that need into their brain for years to come. It is EXTREMELY simple to sign up for the site. Literally 0 identity verification in the process
It’s easy for you to say that cus it’s easier to hold the young impressionables responsible instead of holding the enablers with all the power responsible.
It’s literally young kids we are talking about. Not grown ass adults
You didn’t know better at age 12? Cus I did lol
Blame the parents. Not streamers and celebs. Raise your kids to know better.
- May 23, 2022Sissi
kindergarten ass post
Excellent counterpoints
- May 23, 2022·1 replyLegitAlpha
It’s a gambling business, a business where 1/5 people attempt/commit suicide
Couple that with the fact that the watchers ages of these big streamers is skewed heavily to the teenage side. Are you just being obtuse?
Edit after your edit: How do you think they are able to give drake (and streamers with arguably a more problematic reach) a ridiculous bag? Through the funneling of losses of users who are drawn to the site through sponsored streams and ads in drakes case
You do realize thats like business 101?
The argument of affiliate codes is useless, if you wanna say promoting gambling is bad, be my guest. That’s a fair point, I don’t necessarily agree, but
