Earlier this week, the gaming industry giant Twitch announced a new online currency. Among other innovations, Stream+ has been introduced which aims to change the way customers watch streams on Twitch. This system will be introduced with a brand new game called Breakaway. It's a 4v4 online team battle game that aims to make quite a name for itself in the upcoming time. With this being said, Twitch still has a lot of things to work on. But, considering the reputation of both Amazon (owner of Twitch) and Twitch, there is no doubt they will do an outstanding job.
Adam Wong from Amazon Game Studios made an official statement regarding this:
“We wanted to create more ways for viewers, broadcasters and players to interact with each other on Twitch, so various teams within Amazon Game Studios are building new features that enhance the experience between players, broadcasters and viewers.”
Stream+ could boost eSports betting
The very first thing that came to our minds when watching this announcement is the effect it will have on eSports betting. Undoubtedly, Twitch is a major factor in this as it is the most popular eSports streaming site in the world. With their new virtual currency, they will encourage eSports betting even more. But can they do a good job? Well, I am sure they can… Even more so if we take into consideration this statement by Patrick Gilmore from Amazon Game Studios:
“Stream+ is a loyalty points system where players can earn points by watching streams.”
But there still is another big question left unanswered. That is – can they do well when it comes to legal terms? We all know that eSports betting has been in the focal point of legal actions this summer. Twitch could face some problems with their move, but more on that in the next paragraph.
As you all probably know by now, the eSports betting industry has received quite a few scandals in recent months. They were ranging from fixed matches allegations and illegal betting activities to Valve's cease and desist letters towards skin betting sites. The list goes on but these are some of the most popular ones that have received a ton of public exposure in recent time. The question remains – how will Twitch make their new virtual currency legal if they are allowing people to bet with it. Well, the possible answer seems to be quite simple – Twitch will not allow Stream+ to be converted into real money. This is still a mere speculation as Twitch hasn't really discussed this publicly.
Conversion into real money
One thing is for sure, if players can exchange Stream+ for real money (or even skins in certain games), they will definitely need a gambling licence. This would result in several legal restrictions which surely won't go in Twitch's favor. Still, there is a lot of time ahead of all this and I am sure that Twitch and amazon will make good decisions. The worst thing they can do know is cause another eSports betting scandal. But we are sure it will not come to that… Not this time.