OnlyFans is Banning Porn

OnlyFans is banning porn, the company announced today. It’s a surprise move meant to protect its partnerships with banks and payment providers. The platform will still allow creators to post nude photos and videos, but not any “sexually explicit conduct.” The change goes into effect starting in October.

The decision comes as the London-based company has reportedly been struggling to raise new funding, because investors are either cautious that it might be hosting content containing minors, or because they’re contractually prohibited from investing in adult content. But being a major platform for adult creators, OnlyFans risks alienating the very users who made it big in the first place.

Adding insult to injury, OnlyFans added that it “[remains] dedicated to our community of 130 million users and over 2 million creators that have earned over $5 billion on our platform.” When asked by Input what would happen to the existing NSFW content posted to OnlyFans prior to the October 1 cutoff, a spokesperson noted the official statement is “all we have to share at this stage.”

OnlyFans brings in money hand over fist, with revenue estimated to hit $2.5 billion in 2022 on total sales of $12.5 billion. Normally any other startup with that type of revenue would have no trouble raising money.

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