The UK Gambling Commission has weighed in on skin-betting, the practice of gambling with virtual items that are in-game branding the third-party sites that facilitate such gambling ‘parasitic.’
Sarah Harrison UKGC chief exec thinks that the degree of visibility of young individuals to skin-gambling is ‘worrying.’ The regulator guaranteed the world’s first prosecution regarding gambling with in-game items in January.
The video games industry needs to do more to counter these web sites, which present ‘a clear and present risk to 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 a year ago.
Since skins are available varying levels of rarity and are traded between players, in addition to used in sites that are third-party they will have achieved a ‘real-world’ value, which means they could be used by for gambling.
And since a large portion 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 some type of computer game when in reality they’re gambling and this may be a genuine stress,’ she said. ‘Gambling on eSports with i Continue Reading »