Documents Show Streamer’s Balance Was Supplied By The Casino He Promotes
A contract obtained by Gambling Paper sets out how Dax “MaxWin” Calloway is paid, topped up and told what to say. His viewers worked most of it out in 2023.
The balance the streamer Dax “MaxWin” Calloway gambles with on air is deposited each week by Velvet Abacus, the crypto casino whose logo appears on his hat, his chair and, since the spring, his dog, according to a contract obtained by Gambling Paper.
The thirty-one-page agreement, which this newspaper spent four months authenticating, sets a weekly “content balance” of $250,000 in the casino’s own token, to be topped up “as required for entertainment purposes.” It also sets a minimum number of times per stream that Calloway must say the casino’s name, and a maximum number of times he may say the word sponsored, which is zero.
What the contract says
- Clause 4: balances are provided by the casino and must never be described as provided by the casino
- Clause 9: big wins to be replayed at least three times; losses at the streamer’s discretion
- Clause 14: the streamer may say “I’m down bad” once a month, for relatability
- Clause 22: all winnings remain the property of the casino, “as does the vibe”
A person familiar with the arrangement, who asked not to be named because it is embarrassing to be asked about it, said most of Calloway’s audience had figured it out long ago. “There’s a thread from 2023 that is basically this article,” the person said. “It has diagrams.”
There’s a thread from 2023 that is basically this article. It has diagrams.
Right of reply
Velvet Abacus did not respond to six requests for comment, although one of its accounts posted a picture of a magnifying glass shortly after the fifth. Calloway, who told this newspaper on Monday that whose money he plays with is “more of a philosophical question,” said he stood by that answer and had nothing to add apart from a discount code.
