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CSGO Lounge and Dota 2 Lounge cease Item Betting Operations, will plan to continue as an Esports Entertainment Platform

CSGO Lounge and Dota 2 Lounge cease Item Betting Operations, will plan to continue as an Esports Entertainment Platform

by Louis Daniel AndresAugust 18, 2016
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Dota 2 Lounge and CSGO Lounge may have been no match to Valve’s item-betting crackdown.

Both Dota 2 Lounge and CSGO Lounge, few of the highly popular item betting and trading platforms for Valve’s competitive titles, Dota 2 and Counter Strike Global Offensive, has just announced that they are ceasing item betting operations effective immediately, following Valve’s plan to put a stop to platforms that utilize Steam’s OpenID API to operate item gambling websites.

Included in the initial list of websites who were given a 10 day notice to shutdown operations back in July, the managing body behind CSGO Lounge and Dota 2 Lounge first stated that they are looking for possible turnarounds to continue operations such as applying for Gambling Licences as to continue providing service to players from where they are granted said licences.

Sadly however, this stated plan may not be of much help to both CSGO Lounge and Dota 2 Lounge as both websites announce that they are halting item betting operations immediately, while also stating their plan to continue as Esports Entertainment Platforms for CSGO and Dota 2.

Today we are announcing that we are closing our virtual items betting functionality with immediate effect. Depositing virtual skins and items in order to place a bet is not possible anymore.

At the moment we are working on a solution for items withdrawal, please stay tuned for an update on this topic.

Lounge will continue as an e-Sports entertainment and information platform with new features to be released very soon.

On behalf of Borewik, founder of CSGOLounge & Dota2Lounge
and the entire Lounges Team

Both Dota 2 Lounge and CS:GO Lounge are highly popular item betting and trading websites for Dota 2 and CS:GO that cater to tens of millions of visitors each month. Valve’s crackdown on item trading and betting sites began during the 2nd quarter of this year after a controversy revealed that some prominent Online Gaming personalities, particularly video content creators (livestreamers and YouTubers) held secret direct ties to various item betting websites that they promote with a few of them even owning some of these said platforms.

 

 

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About The Author
Louis Daniel Andres
Gaming know it all, dresses like a thug at conventions, loves to spam Spiritbreaker in Dota 2, and only owns video games because of free keys and game codes.
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