CS GO: Twitch Streamer JoshOG betting scandal claims to have equity in betting site Counter Strike
Streaming personality Josh Beaver claims owning equity is part of the sponsorship deal.
Streaming star Athird has admitted to owning equity in gun skin betting site Counter Strike: GO CS: GO Lotto, amid the ongoing scandal. Josh ‘JoshOG’ Beaver claims his affiliation with the company is a sponsorship deal, but having equity means owning a stake in the business and changing any sponsorship relationship.
This follows the discovery that two of the leading YouTubers – Trevor ‘TmarTn’ Martin and Tom ‘ProSyndicate’ Cassell – are the founders, president, and vice president of CS: GO Lotto, a website they have massively promoted on their channel with no required disclosure. .
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CS: GO Lotto is a site that allows Counter Strike players over the age of 13 to gamble with in-game weapon skins obtained by opening random chests with keys sold by game developer Valve, or purchased through its digital marketplace on Steam.
Skins have real-world monetary values based on scarcity and desirability, with some being worth thousands of dollars. CS: GO Lotto allows players to bet this skin against other players in a winning take all bet.
Valve has no affiliation with the site, but skins can then be sold via the Steam marketplace for credit on Valve’s digital wallet. The money is then “cashed” through buying games as gifts and selling them. However, the site is in the gap, meaning that it is not classified as a gambling website subject to the same rules and age restrictions.
Twitch streamer JoshOG revealed his relationship with the site in a live-stream he has removed. In the video which can be found here (skip to 5:07:58), he answers fan questions about his relationship with CS: GO Lotto, saying: “I was the first sponsor that CS: GO Lotto obtained and when did it come to a company. startup, it’s not uncommon for sponsors to ask for company equity. “
This was the first time he had mentioned this affiliation in one of his streams. Another clip of him saying basically the same thing again can be seen here.
Even if it’s a sponsorship deal that leaves JoshOG with equity in the company, once he has equity, the deal is no longer purely about sponsorship. JoshOG has already streamed himself using the website, with some of the results available for viewing on YouTube. In one video he won a skin worth thousands of dollars, but in another video he is seen losing $ 1000 on a single bet. The ad for CS: GO Sports also remains on his Twitch page – and has been shown here for posterity.
In the early stream JoshOG also said: “You actually find a lot of streamers having equity on some of these websites, or at least there used to be,” suggesting that there is probably a lot more to this story than first thought.
JoshOG’s statement that he is an equity holder on the website is supported by his business charter, which lists him as one of its top officers (via Polygon). As the scandal continues to develop, TmarTN and ProSyndicate have said they will release a joint statement today (July 5).
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