Trading update in Counter Strike changes the way Gambling websites function
Cosmetic skins is one of the biggest features of the Valve economy. The economy of cosmetic skins grew at a very fast pace in both CSGO and Dota 2. However, the rapid rise of the skins economy created new problems for Valve.
Cosmetic Skin betting have caused several problems in the community. One of the most notorious scandal was the IBuyPower Match Fixing controversy. One of the top NA Counter Strike teams at the time, the IBP players were banned from participating in Valve sponsored events. While the match-fixing incident was one-off, the subsequent boom of Gambling and skin betting websites had a big impact.
Over the years, the number of Skin Betting and gambling websites have grown at an alarming pace. This also led to several controversies in the past when we several big Youtubers exploit their following to obtain massive and unethical profits.
Valve did not want to be involved
Valve’s original policy did not include being involved in the working of gambling websites and skin betting. However it was a decision which would not stand for long. The Tmartn controversy put the details in public domain about massive frauds going on in the industry. Young children were spending thousands of dollars in order to earn a quick buck. Ofcourse it would often result in huge losses and that is a part of gambling.
It is for this very reason that gambling is a very strictly regulated industry. Rules and regulations require all stakeholders to provide proper cautionary measures and anti-addiction links. The Trading update in Counter Strike changes the way Gambling websites function.