
In CSGO, players can exchange real money for the chance to obtain a modified weapon known as a skin and a number of gambling websites have been built around the game.
"The Gambling Commission takes the view that the ability to convert in-game items to cash, or to trade them (for other items of value) means they attain a real-world value and become articles of money or money's worth", the report states.
It's most rampant in games like Counter Strike where the game's creator has done the hard work on building a virtual economy for goods, but even Federation Internationale de Football Association was dragged into the muck a year ago when the creators of a Federation Internationale de Football Association gambling website were fined over £250,000.
The CEO of the Commission, Sarah Harrison, has gone on record as condemning the practice: "Because of these unlicensed skin betting sites, the safeguards that exist are not being applied and we're seeing examples of really young people, 11 and 12-year-olds, who are getting involved in skin betting, not realising that it's gambling". The gambling regulatory body of the United Kingdom revealed that third-party websites had been identified to be providing their customers with the chance to use the items (or "skins") gathered in order to gamble on casino- or slot machine-type game.
The British regulatory authority has previously issued a warning that children at age as young as 11 are signing in "skin betting" websites, which allow players place bets using virtual items as currency.
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In its report released today, the Gambling Commission stated that the crack down on the industry had to be made a top priority. The main gambling regulatory body of the United Kingdom has warned that gambling webpages linked to computer and video games could face a crackdown over the upcoming months.
What is skin betting?
Surveying a population of 2803, the report also found that of that 11 per cent, just over half had done so in the prior month. As mentioned above, such items could be sold and turned into real money.According to the BBC the UK Gambling Commission considers dealing with video games to be "high on their list of priorities".
Around 25,000 children between 11 and 16 are problem gamblers, with many introduced to betting via computer games and social media, according to a new report that has prompted warnings that the United Kingdom is "sleepwalking into a future public health storm".
Over the past few weeks, another type of "in-game" items - the so-called loot boxed - have raised some concern and brought both the authorities' and the wider public attention to the matter.
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