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Valve's statement did not acknowledge the fact that large numbers of people gambling on these sites are children and minors, or the vast amounts of money made by the sites' proprietors.
The company's decision to address skin gambling is likely to have wide implications for betting websites and for the wider In the wake of Valve's cease-and-desist letters, many sites have shut down or have stopped running betting games.
"A little while later, I got hooked on roulette sites. Then you lose and you feel the need to throw down 0 in order to recuperate those losses." He says skin gambling has exacted a big price from his family. When he lost his money, he used his grandparents' credit card to buy more skins, without their knowledge. "There was a big fight between the whole family," said Tino.
Chris Grove, publisher of Esports Betting Report, believes the financial effect on the scene will be significant.
"You're likely talking about eight figures being sucked out of the pro economy in terms of sponsorships, referral income, and in some cases direct ownership." he said.
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