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The Global Offensive sequel was launched in and it is currently one of the most popular esports in the world.
More than 10 million of people play CSGO and there are hundreds of professional esportsmen who compete for numerous teams.
At CSGOLounge fans of CSGO can connect, read interesting info on CSGO teams and matches, and perhaps most importantly, trade items, such as weapons, keys, stickers and other souvenirs, something which is colloquially known as skin trading.
In short, players were able to bet on CSGO matches using their skins. The skins are worth real money on Steam and other similar platforms. It functions just like normal betting, but instead of regular or crypto-currency, punters use in-game items.
There were many other third-party sites which allowed players to wager their items, not only on esports bets but also on slots and other types of fixed-odds casino-style games.
However, there is a catch. Namely, the items skins have a real money value and they can be bought and sold. 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. You can either skim through the offers and see which player is requesting which goods for which desired offer, or targeting for an offered article.
The more diverse the selection of the desired exchange objects, the greater the chances of concluding a transaction — that is clear.
CSGO Lounge bets are on professional games. Of course, you are not betting on money, but on items. 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. Scroll down the webpage and see all available items, which is published in chronological order.
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. Most punters were quite surprised the decision and there have been suggestions that this was a result of increased pressure from Valve.
The same operator owned another skin betting website called Dota2Lounge which offered similar services to Dota 2 fans, and that site was also closed on the same date.
Many argue that this was the effective end of skins betting as CSGOLounge was by far the most popular skin betting site.
Association with match rigging and the fact that there were no strict age controls seem to have made a negative impact on skin betting which caused the closure of the most popular websites.
There are still sites which offer skins betting, but it has to be said that its popularity has definitely decreased.