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UKGC Brands Skin Betting Operators ‘Parasites’

Great britain Gambling Commission has weighed in on skin-betting, the practice of gambling with virtual in-game things, branding the third-party sites that facilitate such gambling ‘parasitic.’

Sarah Harrison UKGC chief exec believes that the degree of exposure of young individuals skin-gambling is ‘worrying.’ The regulator guaranteed the world’s first prosecution related to gambling with in-game products in January.

The video games industry needs to do more to counter these sites, which present ‘a clear and danger that is present players, including kids,’ said Sarah Harrison, UKGC chief-exec.

What is Skin-betting?

Skin betting, named for he colorful designer weapons in video game Counter Strike: Global Offensive, expanded into a multi-billion dollar industry this past year.

Since skins are available varying degrees of rarity and can be traded between players, in addition to used in third-party sites, they have achieved a ‘real-world’ value, which means they can be employed by for gambling.

And since a large percentage of the video-gaming public are under the legal gambling age, and third-party skin gambling sites are unlicensed and come with no regulatory checks and balances, they pose a significant threat to children, said Harrison.

‘Mums and dads could be giving cash to a child thinking they are playing a pc game when actually they are gambling and this can be a genuine stress,’ she said. ‘Gambling on eSports with in-game- Continue reading