{"id":4948,"date":"2016-07-06T09:16:45","date_gmt":"2016-07-05T23:16:45","guid":{"rendered":"https:\/\/reckoner.com.au\/?p=4948"},"modified":"2016-07-06T09:17:46","modified_gmt":"2016-07-05T23:17:46","slug":"the-shady-world-of-csgo-gambling","status":"publish","type":"post","link":"https:\/\/reckoner.com.au\/news\/the-shady-world-of-csgo-gambling\/","title":{"rendered":"The shady world of CS:GO gambling"},"content":{"rendered":"
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For CS:GO, the introduction of skins led to a thriving gambling market. People buy skins for cash, then use the skins to place online bets on pro CS:GO matches. Because there\u2019s a liquid market to convert each gun or knife back into cash, laying a bet in skins is essentially the same as betting with real money.<\/p><\/blockquote>\n
CS:GO\u2019s popularity skyrocketed along with the skins gambling markets. Valve has sold 21 million copies of the game and made $567 million in total revenue from the title since it debuted almost four years ago, according to research firm SuperData, and a range of websites now let players trade or sell skins, or use them to gamble.<\/p><\/blockquote>\n
Who knew this was even a thing?! Now there’s a class action lawsuit put together by concerned parents (ie. the ones who’re paying for the kids to lose money in an unregulated gambling market) against Valve.<\/p>\n