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Csgolounge CSGO Lounge Trades: The market place VideoCSGOLOUNGE in a nutshell
You can either skim through the offers and see which player is requesting which goods for which desired offer, or targeting for an offered article.
The more diverse the selection of the desired exchange objects, the greater the chances of concluding a transaction — that is clear. CSGO Lounge bets are on professional games.
Of course, you are not betting on money, but on items. Namely, the items skins have a real money value and they can be bought and sold.
As a result, people could lose items worth thousands of dollars. Not only were the skins betting websites operating in a grey area, there was also another problem.
Many of the CSGO teams were affiliated with some of the item trading websites, including CSGOLounge and often, teams received direct payments from purchases, especially since some of the stickers represent teams and players.
These stickers can be used for betting, which means that the teams are directly linked to betting on events in which they participate. It was pretty clear that this could have an impact on the game.
In players had to be banned, because it was proven that they participated in match rigging. Namely, players wagered against their opponents using a third-party skin betting site and then lost the match on purpose.
Following the banning of the players, Valve issued a statement in which it was stated that CSGO players, managers and other team staff should not, under any circumstances engage in skin betting, or even be associated with high volume punters.
You can read more about skins, betting with it and other problems in our dedicated page on skins betting. CSGOLounge was, at the time, probably the largest skins betting site and a representative of the site publicly stated that Valve has even provided technical support for their operations.
Another incident soon followed. Two skins betting aficionados created a skins betting website which they marketed on their YouTube and other social media accounts, without disclosing the fact that they own the website.
Game items have been traded online since the early days of the internet and probably thousands of items have been bought and sold over eBay and other similar websites.
It can be said that skin betting became an integral part of the CSGO gaming scene as a whole. With this decision, the site admitted that skins betting actually classifies as betting.
Furthermore, the company also announced its plans to register as a legitimate esports betting site , where punters would be able to deposit and wager real money on CSGO and other esports tournaments.
This decision of CSGOLounge followed the report issued by Valve earlier that summer in which the company pledged to stop skin betting.
Valve finally admitted that skins betting is not regulated and urged all third-party websites to stop using its API for providing betting purposes, claiming that all those who continue to do so are violating the terms of service.
This U-turn by Valve confused many of the third party websites that offered skin betting, but most of them chose to comply with the recommendations, fearing legal consequences.
Despite the fact that CSGOLounge initially decided to limit skins betting and prevent only punters from certain countries from engaging in skin betting, only two weeks later CSGOLounge issued another statement.
The new statement declared that the company ceases to offer skins betting to all customers with immediate effect.
Most punters were quite surprised the decision and there have been suggestions that this was a result of increased pressure from Valve.
The same operator owned another skin betting website called Dota2Lounge which offered similar services to Dota 2 fans, and that site was also closed on the same date.
Many argue that this was the effective end of skins betting as CSGOLounge was by far the most popular skin betting site.
Association with match rigging and the fact that there were no strict age controls seem to have made a negative impact on skin betting which caused the closure of the most popular websites.
There are still sites which offer skins betting, but it has to be said that its popularity has definitely decreased.
A return of skin betting cannot be ruled out, but it is clear that if skin betting is to become popular again, the authorities will certainly take measures beforehand and the market will be regulated.
In order to do this, in the right upper corner of the homepage of CSGOlounge's site you need to find the orange "Sign up" button and click on it.