Great britain 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 believes that the known level of visibility of young individuals to skin-gambling is ‘worrying.’ The regulator guaranteed the world’s first prosecution associated with gambling with in-game things 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 varying levels of rarity and can be traded between players, as well as used in third-party sites, they have attained a ‘real-world’ value, which means they can be utilized by for gambling.
And since a big portion 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 providing cash to a child thinking that they are playing some type of computer game when in reality these are typically gambling and this is a genuine worry,’ s Read more