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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.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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