Found themselves dealing with lawsuits from the government for their unlicensed skin gambling activity. The license is based in England, but depending on your location, you can still access the platform offering skin betting to use.Įlse, as history has repeated itself, many illegal Esports betting sites, which offered skins as a ‘convenient’ method of betting. Skin betting is illegal unless the gambling platform holds a particular betting license, namely the Isle of Man license. It’s what fueled the demand, but there were massive caveats for the gambling regulators across the globe. So much that many speculated CSGO skins are valued as they are today thanks to its dark history. CSGO betting with skins became a goldmine for ludicrous gambling sites to churn in large flows of cash unregulated.Īt one point, Skin Gambling CSGO was an industry of its own. It comes as no surprise that CSGO skins hold tremendous value, coupled with their high supply and demand. Thus, these are rather obvious red flags to consider when gambling with skins, you have been warned. Furthermore, most skin prices are absurdly volatile and depend on the supply-and-demand chain on the Steam market. The absence of actual currency can often make gamblers forget how much they spent.
These days, skin gambling is even derived into non-Esports gambling, such as case opening sites, Russian roulette and online CSGO casinos. Digital skins even date all the way back since Team Fortress 2 was still a game of the year nominee. However, skin gambling has evolved since the introduction of tradable and purchasable skins on popular games.įor instance, Counter-strike Global Offensive (CSGO), PLAYERUNKNOWN BATTLEGROUND (PUBG PC-version), Dota 2, H1Z1, etc.
We talked briefly about how Skin Gambling uses skins or virtual goods as alternative forms of payment for your betting shenanigans.