On a monthly basis millions of people bet their CSGO skins on third-party gambling websites, and in 2016 alone the CS:GO skin gambling industry was worth over 5 billion dollars. With the increasing popularity of CS:GO and in-game skins in the last several years, a independent ‘skin gambling’ industry has reached the surface. Since skins has a real monetary value, they can be used as a virtual currency, which is why skin gambling is a thing. Although these skins have no direct influence on gameplay, they are extremely popular – and some rare skins such as knives are sold for thousands of dollars on the steam marketplace. In CS:GO, players can obtain virtual cosmetic elements, also known as skins, which can be acquired in the game and sold for real money. Counter-Strike: Global Offensive (CS:GO) is a multiplayer first-person shooter video game developed by Hidden Path Entertainment and Valve Corporation.
