The announcement comes following a crackdown from Counter-Strike developer Valve, who had issued a raft of skin gambling internet websites with cease and desist letters.
The company behind Counter Strike: Global Offensive skins and Dota 2 Lounge, that are regulated in Costa Rica, said depositing virtual skins and things so that you can spot a bet will not be achievable any additional. It's functioning on a option for items withdrawal.
CS:GO Lounge's exit will be the clearest indication but that Valve's bid to crack down on video game skin gambling websites is functioning, and it comes right after Twitch banned gambling web sites from its platform.
CS:GO Lounge had announced its intention to apply for gambling licenses in the countries it operates inside a bid for legitimacy, however it appears that strategy is now dead.
Like other CS:GO betting portals, cs go skins had operated by letting customers gamble real-world dollars on a pot of virtual items from their Counter-Strike stash.
The items themselves are treated similar to gambling chips - some are worth greater than other people. And, clearly, the aim is usually to cash out and win cs go trade significant.
Valve issued its warning message to gambling sites immediately after intense scrutiny surrounding CS:GO Lotto, a web site discovered to be secretly owned and promoted by YouTube stars Tom "Syndicate" Cassell and Trevor "Tmartn" Martin.
Last week, the UK Gambling Commission took a renewed interest in eSports betting. It published a list of issues including whether new legislation is required to tighten up its legal status.
What now for CS:GO Lounge? It stated it would continue as an "eSports entertainment and information and facts platform".
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