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As a result, people could lose items worth thousands of dollars. Not only were the skins betting websites operating in a grey area, there was also another problem.
Many of the CSGO teams were affiliated with some of the item trading websites, including CSGOLounge and often, teams received direct payments from purchases, especially since some of the stickers represent teams and players.
These stickers can be used for betting, which means that the teams are directly linked to betting on events in which they participate.
It was pretty clear that this could have an impact on the game. In players had to be banned, because it was proven that they participated in match rigging.
Namely, players wagered against their opponents using a third-party skin betting site and then lost the match on purpose.
Following the banning of the players, Valve issued a statement in which it was stated that CSGO players, managers and other team staff should not, under any circumstances engage in skin betting, or even be associated with high volume punters.
You can read more about skins, betting with it and other problems in our dedicated page on skins betting. CSGOLounge was, at the time, probably the largest skins betting site and a representative of the site publicly stated that Valve has even provided technical support for their operations.
Another incident soon followed. Two skins betting aficionados created a skins betting website which they marketed on their YouTube and other social media accounts, without disclosing the fact that they own the website.
Game items have been traded online since the early days of the internet and probably thousands of items have been bought and sold over eBay and other similar websites.
It can be said that skin betting became an integral part of the CSGO gaming scene as a whole. The cases contain guns, knives and other items but they can only be unlocked with keys.
Since Valve Steam offers a trading API, third party sites are able to organise large scale betting, and this is basically howskin betting came about.
CSGOLounge was the largest skins betting site. Often, up to 50, punters placed bets on a single CSGO match with the number of wagered items reaching up to , Skin betting is encourages punters to visit the Steam market and buy new items, and it also encourages them to play more so that they could acquire more items.
In other words, skin betting directly contributes to the popularity of the game. Those who defended Valve and the betting sites like CSGOLounge claimed that skins betting is in no way illegal, even in countries where conventional betting is, as there is no currency involved.
Skins betting proponents argued that skins are only assigned value within the game and are otherwise useless outside of it. In the summer of CSGOLounge company announced that it will no longer be a betting platform for punters from countries that prohibit esports betting.
With this decision, the site admitted that skins betting actually classifies as betting. Furthermore, the company also announced its plans to register as a legitimate esports betting site , where punters would be able to deposit and wager real money on CSGO and other esports tournaments.
This decision of CSGOLounge followed the report issued by Valve earlier that summer in which the company pledged to stop skin betting. Valve finally admitted that skins betting is not regulated and urged all third-party websites to stop using its API for providing betting purposes, claiming that all those who continue to do so are violating the terms of service.
This U-turn by Valve confused many of the third party websites that offered skin betting, but most of them chose to comply with the recommendations, fearing legal consequences.
Despite the fact that CSGOLounge initially decided to limit skins betting and prevent only punters from certain countries from engaging in skin betting, only two weeks later CSGOLounge issued another statement.
The new statement declared that the company ceases to offer skins betting to all customers with immediate effect.
A little to the left of the "Sign up" button you can find a language section. Click on it and you will see all the language options. The online platform also has a functional top menu.
Without signing in onto the website you can use only one of them, the "Search". Go to this inlay if you are interested in using it, fill out "I have" and "I want" areas, and click on the orange "Search trades" button.
On the "Search" tab you will also see two additional subsections: "My inventory" and "Steam inventory". If you want to just explore the CSGOlounge service, you can go to the homepage of the site and learn all the information, which is interesting to you.
On the csgolounge.The latest tweets from @csgolounge. Search for the best deals. Log in Sign up. © csgo Lounge. CSGOLounge is the platform where you bet on Counter-Strike: Global Offensive matches. Visit our website to watch your favorite teams go head-to-head against their rivals and raise the stakes by placing a bet. Old trade section has been replaced by our new service SWAP, make sure to check that one out so you won't miss our special offers. k. This was meant for a CSGO Lounge competition but was scrapped. This is my first video with bad editings. ENJOY! Musics: - Simple Plan Untitled CSGOlounge is an online platform, where you can trade with other players using items from your Steam inventory and place bets on favorite CSGOmatches using virtual currency. There are 2 ways to register on the CSGOlounge's website. The first one is to log in to whimsical-whispers.com through your Steam account.