Downtown Las Vegas is getting a dedicated esports venue. Millennial Esports will host tournaments and feature a 400-500 seat arena, but won’t offer betting.
Gamers in need of financial backing to afford pro esports tournament entry fees can now be staked by investors thanks to a new deal struck by two companies.
Two weeks after the sites made several changes to their virtual platform, CSGOLounge and Dota2Lounge announced they are ceasing facilitating skin betting.
Nearly one month after Valve posted a notice that it would start going after skin gambling sites, its cease-and-desist efforts have achieved mixed results.
The skin betting industry continued to undergo significant change Thursday when esportsbook Fanobet said it would convert users’ skin balances to Bitcoin.
Over a dozen skin betting sites named in a second, unverified cease and desist letter from game maker Valve didn’t comply with a 10-day window to shut down.
The 103 matches that comprised ELEAGUE’s first season took in 6.5 million skins—or roughly $63 million—in betting handle, on skin betting site CSGOLounge.
The largest skin betting site, CSGOLounge, said that it would apply for licensure and restrict users from countries where esports betting is not legal.
The world’s largest skin betting site, CSGOLounge, is offline following a crackdown by game maker Valve against sites using its API for commercial purposes.
Despite Valve ordering 23 skin gambling sites to shut down by July 29, several have not done so. Now, a second C&D letter is compelling 20 more to shut down.