CSGO Lounge goes all-in, confirms its existence as a gambling site
As Valve continues to distance itself from third-party Counter Strike gambling rings, at least one site is working to own up to its reputation and turn into a legal gambling site.
"We have decided to acquire a license to legally operate in most of the countries and be able to accept the esports bets by our community, as if it would be real money," says CSGO Lounge, one of the sites named in an ongoing lawsuit which alleges Valve and such sites profited off of unregulated gambling which targeted minors. "[Effective today] we will start limiting the access to the betting functionality for users visiting us from countries and regions, where online esports betting is forbidden. We will add additional registration and verification process and we require you to comply with our new Terms of Service if you want to keep using our service."
CSGO Lounge then lists off a new set of countries where residents will be prohibited from participating based on gambling laws, including France, Spain, the United Kingdom, and the United States. Users from those countries are encouraged to cash out their current wagered items since, as the site notes, users may face repercussions from Valve if they don't.
"[These countries] will not be able to use the betting feature, but still be able to withdraw their previous winnings and deposits," says CSGO Lounge. "Please be alerted, that we don't provide any guarantee to what will happen with your items after the 10 days deadline given by Valve."
Valve began sending cease-and-desist letters out to gambling sites such as CSGO Lounge two weeks ago, after facing criticism for its silence on the lawsuit. It has since announced it has not profited from any third-party gambling activity.