It has been reported that Valve Corporation has decided to prohibit third parties to share links to skin betting websites. This announcement of the developer of the cult video game Counter-Strike:Global Offensive (CS:GO) significantly affected related portals. For example, one of the skin betting websites called CSGOFast ceased operations and informed its customers about this decision.
On the website users may find an announcement that all operations are ceased from July 29. CSGOFast recommends that its clients should withdraw their funds from the accounts.
Skin betting has become a serious problem on the gambling market as a whole and in eSports in particular. The major problem of this sector is the inability to confirm the age of customers.
The first significant event of the struggle against unregulated skin betting was a lawsuit of Michael John McLeod against Valve Corporation. According to his information, Valve made a profit from CS:GO skin betting websites.
The authorities of Valve Corporation rejected to admit that the company had earned on the third-party sites. Moreover, Valve Corporation sent letters to the following 23 gambling sites giving ten days to them to shut down: CSGOStrong, CSGOBi, CSGODouble, CSGOCasino, CSGOAtse, Skins2, CSGOMassive, CSGOLotto, CSGO500, CSGOPot, CSGOWild, CSGOCosmos, CSGO2x, CSGOLounge, CSGOHouse, CSGOFast SocietyLogin, CSGODiamonds, Dota2Lounge, CSGOSweep, CSGOCrash, CSGOBattle, and Bets.gg.
Some websites followed the recommendations of Valve, whereas the others did not cease their operations. The second category of portals may lose all of their skins.
It is supposed that the skin betting will become regulated in the near future. This will help to avoid misunderstandings and take control over illegal eSports.