What happened to CS:GO skin prices after Valve's gambli

On Wednesday Valve announced it would begin sending requests to cease operations to gambling websites that use Steam’s trading system. “Using the OpenID API and making the same web calls as Steam users to run a gambling business is not allowed by our API nor our user agreements,” wrote Valve’s Erik Johnson.

The announcement was a surprise. Although scrutiny of CS:GO gambling peaked as it was revealed that two of the world’s most popular gaming YouTubers had created a CS:GO skin gambling website and quietly promoted it to their audiences, some of these services have existed for three years. Other than a match fixing scandal in 2015 this was the first time that Valve has addressed them.

The drop in price seems reactionary, a reflection of some sellers’ fear that the market would implode.

Valve’s announcement implied that Steam users should retrieve item skins from gambling websites, and some members of the community began to wonder: would Valve’s action trigger a crash of CS:GO’s skin market? Some Steam users own hundreds of thousands of dollars worth of CS:GO skins. How would their fortunes, and the inventory value of CS:GO’s other 10 million active players, be affected by this announcement?

By: Admin | 16.07.2016 - 07:58 | comments


Admin on 16.07.2016 08:12

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