Table of Contents
Valve & CS:GO – is one of the most popular games on the planet.
Guide to CS:GO Cyberbetting and gambling today read more about it Counter-Strike: Global Offensive
What should I know before starting a business with in-game items?
Video games themselves generate income for its creators, but all game publishers seek to increase the monetization of their project. As a result, video games have generated additional ways to motivate and earn money that can exist outside of the game and generate income for third parties.
These include:
- loot boxes (random boxes, from English loot and box);
- skins;
- game objects (loot);
- bonuses (bonuses);
- keys (keys);
- cases (case);
- game currency (coins)
- others
A loot box is a way to monetize computer games, a virtual object that allows obtaining random virtual objects of different value and purpose. Items can be both useful for progressing in the game and have a decorative function.
The situation with loot boxes, skins and other in-game items alone raises questions and divergent opinions from regulators around the world, let alone a business based on skins or loot boxes.
The video game business and its legality
Loot boxes themselves are not an illegal activity in most of the countries in the world, with the exception of Belgium, which has completely banned these random elements within the game. Loot boxes will remain simply random boxes as an in-game item as long as the following requirements are met
the content of said loot boxes is intended for the game itself (for example, packs in FIFA),
There is no way to withdraw or redeem items from the box for real money/values.
When it comes to loot boxes outside of games, there is a risk of recognizing loot boxes as gambling.
To avoid recognition of a project as a game, it is necessary to address the characteristics of the game in a specific jurisdiction
Howeverin its decision, the regulator noted that it does not offer the possibility of exchanging your items or coins for real money and fights against third-party platforms.
Game items and coins, although not real money, have monetary value and value, so organizing casinos and Gambling based on digital items would be equivalent to a real casino.
The legal aspect of the skin market
Despite all the risks describedthe concept of loot boxes can exist in the legal realm and present no hints of gambling in the form of a random gift shop.
If the value of the box, the known value of its contents and the real value of the object received, the loot box loses all evidence of gambling addiction even if it is outside of a computer game.
If, on the other hand, chance and material gain are integral elements of the project, a license would be required.
To identify signs of gambling addiction, the project must be carefully analyzed to identify its key components. Conversion of a project in a random gift shop requires the direct supervision of a lawyer who can point out aspects that require special attention, since the slightest error will increase the likelihood that a loot box project will be recognized as a game.
To start a business with a gaming license, you need to select a jurisdiction and decide on the type of license.
Earning money: conclusions
The Electronic Software Association (ESA) has announced that Sony, Nintendo and Microsoft -the companies responsible for the three largest video game platforms- have agreed to change their approach to loot boxes and other random elements in games. The main requirement is to reveal the probability of obtaining a given reward.
This approach should be incorporated into any business from third parties related to loot boxes in order to operate legally.
Loot boxes can be gifts random or can be games of chance, and even games without the use of cash can be games of chance. However, there is no clear and uniform regulation, each country seeks its own approach In this new area, security force practice is constantly changing and There is no way to avoid it without the help of a lawyer.
FAQ
CS:GO is a popular first-person shooter game developed by Valve Corporation.
CS:GO skins are decorative elements that allow you to customize the appearance of weapons and gloves in the game.
Crate Battles are competitions where players open crates for skins, with the winner being the one who gets the most valuable skins.
CS:GO roulette is a game of chance in which players place bets and a percentage of these goes into a pot.
Yes, many CS:GO skin betting games are available on mobile platforms for convenience.
The purpose of case battles is to compete with other players to open boxes and obtain valuable skins. The winner takes all the open skins.
There are CS:GO betting sites where you can deposit your skins and use them to place bets on games of the game.
Telegram
