Skin gambling is an obscure form of gambling, that came about as a result of gaming communities wanting to create more challenges for players. Skins could be traded between players if they won gaming challenges. Third party websites also allowed people to log in from their sites, and skins could be converted to other gambling currency, which was eventually able to be converted to real money.
Counter-Strike was famous for creating a first-person shooter game, where players fight each other online, and against the computer, in different war scenarios. The game’s publisher began introducing weapons, and weapon covers called skins, in an update called Counter-Strike Global Offensive (CS: GO).
Players selected skins from a platform available on Steam Market, (similar to an App Store), which could be stored online in a player’s Steam library.
Skins could be purchased with real currency, and be converted into credits. Credits could not be converted to money but could be used to buy skins and other weapons. Skins became increasingly popular, and their trading on Steam Market expanded, as outside websites which were never endorsed by CS: GO, allowed skins to be used for gambling.
Gambling expanded as players challenged each other in online games like CS: GO. Challenges were watched online, and bets were made on the outcome. Players used skins in their Steam library for casino games such as roulette. Skins were converted to jewels or chips, and players could bet, and transfer, their skins back into their Steam library if they won.
New websites for currency changing allowed players to withdraw their credit balance, and have it paid back onto their credit or debit card or via PayPal.
Two famous YouTube stars, with millions of viewers, who showed themselves winning large bets on CS: GO were criticized. It turned out the stars owned CS: GO. The legitimacy of skin gambling was questioned, and investigated, by authorities in the U.S. A decline in skin gambling resulted after investigations. However, it still exists online but is much more regulated.
Skin gambling is a very creative form of gambling, that was shrouded in criticism after it was found that CS: GO was owned by social media stars, who had promoted considerable betting wins on YouTube. Skins gambling demonstrates how online currency can be created, and used, in diverse ways, and made an exciting new form of gambling, especially for game players.