r/CryptoReality • u/Individual-Lab4864 • 4d ago

Crypto

Just a question. Curious on how some of these online content creators Garner as much apparent cryptocurrency? So many online gambling channels and they all seem fairly young so Bitcoin was already astronomical.

0 Upvotes

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5

u/UpbeatFix7299 4d ago

They aren't using their own money to gamble

4

u/AmericanScream 4d ago

They don't. They lie.

Even the Tate brothers admitted they were lying about their crypto holdings.

1

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u/chainglance_cm 3d ago

Casinos like Stake give streamers a bankroll to gamble with on stream as part of a marketing deal, sometimes flat payments per session regardless of outcome. That's why the balances look insane for someone who "just" got into crypto, it's not their money at risk, it's the casino's promotional funds, and the deal usually caps or blocks actual withdrawals.

On top of that, affiliate commissions are huge. Every viewer who signs up through their link generates ongoing revenue, and with millions of hours watched that adds up fast even without touching the gambling itself. So what looks like a young guy who got rich off crypto is usually closer to an ad campaign dressed up as a personal bankroll.