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 thinks that the known degree of visibility of young individuals skin-gambling is ‘worrying.’ The regulator guaranteed the world’s first prosecution related to gambling with in-game items 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, grew into a multi-billion buck industry year that is last.
Since skins are available in varying degrees of rarity and could be traded between players, along with transferred to third-party sites, they have attained a ‘real-world’ value, which means they could be used by for gambling.
And since a big part of the public that is video-gaming 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 money up to a child thinking that they are playing a pc game when actually they’re gambling and this is usually a genuine worry,’ she said. ‘Gambling on eSports w