Today CCTV exposed $DOYU for the Online gambling activities. A risk that we outlined in our recent report. Reporters and whistleblower stated that $DOYU not only knew about this but willingly guided and taught streamers to conduct such activities while bypassing regulations.
Here are the highlights of the CCTV report: The No.1 Streamer on $DOYU, Changsha Xiangcun Gansidui, is suspected to be operating online gambling. One user in the live streaming room lost 200,000 RMB in little over 10 minutes. This room’s annual GMV was 177.18 million RMB in 2020.
Since June last year a lot of the streamers have moved their operations underground (via QQ Groups and WeChat) due to regulatory pressure. However, online gambling is still widely prevalent.
The reporter connected with one of the live streaming room hosts on WeChat, reporter received information and was told that he can participate in the lottery anytime.
There are many more live streaming rooms that are engaged in suspected online gambling, for example, “如来佛祖哟”，“他超哥哥的小扣”，“隔壁家的小妹妹” etc
Whistleblower Wu stated that $DOYU platform not only knows about the online lottery activities but also supported it. She states that the reason why DOYU has such a wide spread online gambling problem is precisely due to $DOYU indulgence and promotion of such events.
For example, $DOYU platform would approve the names of streaming rooms that have keywords such as cash reward (an obvious hint of gambling).
Wu also states that “over 80% are students”. “Tens of thousands participate in the game, but only one would win”. Some students also go to online lending companies to borrow money, or use their living expense and tuition money, to participate in online lotteries.
CCTV Commentator in the program warns of the regulatory risks platforms such as $DOYU are facing if this issue does not get resolved.
We added subtitles to today's significant CCTV $DOYU expose. Check it out on our youtube channel:
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