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Item Betting sites reveal plans of applying for Gambling Licences to counteract Valve’s Cease and Desist order

Item Betting sites reveal plans of applying for Gambling Licences to counteract Valve’s Cease and Desist order

by LouisAugust 3, 2016
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The tale of item bets and skin gambling continues until this day, and maybe in the coming months as some websites still refuse to shut down.

As Valve’s Cease and Desist order enters its deadliest deadline, some major Item Bet and/or Skin Gambling websites still refuse to give in and one of them is looking to find a way to counteract Valve’s notice by applying for a legal  license to operate.

Althought acknowledging the Cease and Desist notice, owners of the major item betting websites, Dota2Lounge and CS:GOLounge will instead move towards the acquisition of needed licences to continue operating albeit on a more limited scale. Should it push through, both CS:GO Lounge and Dota 2 Lounge will only be able to grant access to users from countries in which they are able to acquire licences for their operations, and may possibly even receive actual money bets alongside the items.

An excerpt from the statement by CSGO Lounge reads as:

After all the recent events around virtual items and the official letter by Valve, which we have received as well, we were left out alone without any additional information or communication by Valve on this matter. We had to make a decision on how to proceed with Lounges as community place and entertainment service. The situation is highly confusing – we are not offering games of luck, we are not offering any transactions with real money or equivalents. Despite those facts, in order to avoid or reduce the confusion, we have decided to acquire a license to legally operate in most of the countries and be able to accept the esports bets by our community, as if it would be real money.

Starting from Monday, 1st August 2016, we will start limiting the access to the betting functionality for users visiting us from countries and regions, where online esports betting is forbidden. We will add additional registration and verification process and we require you to comply with our new Terms of Service if you want to keep using our service. We also remind that our service is only for users who are at least 18 years old.

However, even if the move maybe feasible enough for these websites to continue their way of business, it is noted that Valve’s reason for issuing their shut down notice was because of the improper utilization of the Steam OpenID API which is used by these platforms to transact with their customers and the possibility of these websites halting their operations because of account shutdown is still a very high possibility.

Valve’s 10-day issue will expire soon, and while the notice is nearing their deadline, a couple of major item bet websites are still continuing their operations, with a few of them not showing any signs of complying without Valve taking extreme action.

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About The Author
Louis
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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