Over £5b Worth of Gaming Skins Were Bet Illegally in 2015

/ 4 years ago

Gambling Sites Are Letting Children Bet Millions

Gambling sites are a huge problem for many, with anyone and everyone being able to pop online and place a bet. With betting now available on hundreds of professional gaming events, unlicensed gambling sites are letting children bet millions.

Many sites will now let you trade different pieces of digital goods, such as skins or items, many of which can be won or bought with either in-game currency or for many, real money. The problem is many sites have been letting people bet these, without even checking their ages.

This means that people could trade anything from a skin for their favourite gun to the new armour you’ve recently won, with a total of £5 billion bet last year the market is larger than most people realised. With the major sites allowing betting on Dota 2, League of Legends and Counter-Strike, it’s estimated that a third of CS:GOLounge bets were in fact under 18, with it estimated that almost £12 million was bet last year by those under 18.

The gambling commission is worried by this news, with it concerned that sites are running in the UK without an operating license. Valve, the company behind Counter-Strike, is looking to stop “skin” betting with legal action taken against sites and companies with sites like CS:GO Lounge closing down after a cease and desist letter. Of course, there are other sites still out there for now.

Topics: , , , , , , ,

Support eTeknix.com

By supporting eTeknix, you help us grow and continue to bring you the latest newsreviews, and competitions. Follow us on FacebookTwitter and Instagram to keep up with the latest technology news, reviews and more. Share your favourite articles, chat with the team and more. Also check out eTeknix YouTube, where you'll find our latest video reviews, event coverage and features in 4K!

Looking for more exciting features on the latest technology? Check out our What We Know So Far section or our Fun Reads for some interesting original features.

eTeknix Facebook eTeknix Twitter eTeknix Instagram eTeknix Instagram

Check out our Latest Video

  • Be Social With eTeknix

    Facebook Twitter YouTube Instagram Reddit RSS
  • Latest Video

  • Features

  • Poll

    AMD or NVIDIA?

    View Results

  • Archives

Send this to a friend