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Steam Getting Tough On Gambling Skins
Thursday, July 14, 2016 : E-SPORT PROVIDER LOWERS THE BOOM ON SKIN GAMBLING (Update)
Valve says that its Steam subsidiary will not facilitate gambling on skins.
After over a week of intense criticism, the threat of legal actions and a boycott by one developer, eSports provider Valve has finally responded to a skin gambling scandal by warning that its marketplace subsidiary Steam will not allow itself to be used as a vehicle for skin gambling by third party operators.
According to ESPN, Valve has identified third party sites that it considers are in violation of its anti-gambling stance and is currently writing to the operators concerned warning them to cease such operations via Steam under pain of possible legal or other action.
Valve is facing two lawsuits in Connecticut and Florida, alleging that the company knowingly and willingly allowed gambling sites to operate unregulated gambling markets
Valve claims that it has no business affiliation with any of the sites which are alleged to be offering gambling via cashable skins, and say that it has not profited in any manner from their earnings.
"According to insight and analytics company Narus Advisors, over $7.4 billion will be wagered annually through the Counter-Strike and Dota gambling and betting industries by the end of 2016, based off trends from previous years.
“A total of $3.3 billion of that is through sports books, such as popular site CSGO Lounge, $1.9 billion via lottery sites, such as CSGO Lotto and CSGO Diamonds, and the remaining amount throughout other types of "skin" gambling," ESPN reports.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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