Discord

<div class="protos">
 <div>
 <div>
 <div>
 Gamblers in the <a rel="noopener noreferrer nofollow" title="UK" href="https://thebittimes.com/tag/uk.html">UK</a> are paying as little as $10 (£8) for ready-made accounts to blocked <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> <a rel="noopener noreferrer nofollow" title="casino" href="https://thebittimes.com/tag/casino.html">casino</a> <a rel="noopener noreferrer nofollow" title="Stake" href="https://thebittimes.com/tag/stake.html">Stake</a>.com through advertisements on social media, an investigation by Sky News has revealed.
 Crypto casinos like Stake are banned in the UK. Photo identification requirements, which help Stake verify if a user is in a country it’s allowed to operate in, were found to be “easily” bypassed through the sale of accounts set up by players in other jurisdictions.
 Advertisements for these accounts are prominent across Facebook and Discord, but were also found by investigators on TikTok, Telegram, Reddit, and X (formerly Twitter).
 The probe revealed that many of these accounts were being sold by addicted gamblers who had gone bust, as a last-ditch attempt to pay their bills.
 “I lost $225,000 [gambling] this month,” one seller told Sky News. “I don’t have any money anymore. I’m poor now. I need money for food in the next week.”
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="768" src="https://cdn.thebittimes.com/images/2024/01/31/49b74ec991645cc26489fe8612859afc.webp" alt class="wp-image-59500" srcset="https://cdn.thebittimes.com/images/2024/01/31/49b74ec991645cc26489fe8612859afc.webp 1024w, https://cdn.thebittimes.com/images/2024/01/31/49b74ec991645cc26489fe8612859afc.webp 300w, https://cdn.thebittimes.com/images/2024/01/31/49b74ec991645cc26489fe8612859afc.webp 768w, https://cdn.thebittimes.com/images/2024/01/31/49b74ec991645cc26489fe8612859afc.webp 1536w, https://cdn.thebittimes.com/images/2024/01/31/49b74ec991645cc26489fe8612859afc.webp 1200w, https://cdn.thebittimes.com/images/2024/01/31/49b74ec991645cc26489fe8612859afc.webp 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 An advertisement posted on Telegram shows Stake accounts on sale for as little as $10 (via Sky News).
 </figcaption>
 </figure>
 Read more: Crypto casino Stake looks to have been hacked for nearly $16M
 <a rel="noopener noreferrer nofollow" title="UK" href="https://thebittimes.com/tag/uk.html">UK</a>-based buyers of these <a rel="noopener noreferrer nofollow" title="Stake" href="https://thebittimes.com/tag/stake.html">Stake</a> accounts are most likely gambling addicts and children, former addict Matt Zarb Cousin told the outlet. <a rel="noopener noreferrer nofollow" title="Stake" href="https://thebittimes.com/tag/stake.html">Stake</a>’s use of <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency has added an extra layer of danger and addiction for its users.
 “The idea of owning a very, very volatile currency you can wager on casino games, which are extremely addictive, would have been a very, very harmful experience for me,” Cousin said. “The addictiveness of that is almost turbocharged.”
 Social media platforms are responsible for blocking harmful and illegal ads such as these from their websites. A Meta spokesperson said it had removed the Stake account adverts that had been “brought to our attention,” with TikTok, Reddit, and Discord issuing similar responses. Telegram and X didn’t respond.
 Stake is seemingly aware of the issue, but told Sky News it “has the strongest controls in the industry.” The crypto casino was banned on Twitch in 2022, after a gambling streamer confessed to scamming fans out of more than $200,000.
 Got a tip? Send us an email or ProtonMail. For more informed news, follow us on&nbsp;X,&nbsp;Instagram,&nbsp;Bluesky, and&nbsp;Google News, or subscribe to our&nbsp;YouTube&nbsp;channel.
 </div>
 </div>
 </div>
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/uk-gamblers-bypass-blocks-to-crypto-casino-stake-for-10-report-tbt78357.html">https://thebittimes.com/uk-gamblers-bypass-blocks-to-crypto-casino-stake-for-10-report-tbt78357.html</a>

UK gamblers bypass blocks to crypto casino Stake for $10, report

TheBitTimes

Other articles published on Jan 31, 2024

Binance to List $JUP Token on Jan 31 at 15:30 UTC

Unlocking Bitcoin's Potential: Introducing Merlin Chain, a Native L2 Solution

Tether’s Financial Transparency and Profitability in 2023

DONT MISS These Altcoin Public Sales | Huge Potential

NFTScan and Merlin Protocol Collaborate to Launch BRC20 Indexer Oracle, Officially Live Today!

Ripple’s Price Movement Analysis and Key Levels to Watch

Join our free newsletter for daily crypto updates!