Valve sends Cease and Desist letter to several CSGO gambling sotes

[Coldmute]

[QUOTE=Swiket;50747975]They pay developers of games that people buy using steam cash.

If Valve makes no money from the steam market, then what's the point of the transaction tax?[/QUOTE]It basically just removes a little portion of the steam money in circulation and guarantees it to Valve. Steam wallet money literally cannot be turned back in to real cash. It is entirely in Valve's possession at that point. But because it can still be spent on the store, Valve may have to transfer a portion of that to a developer.

[knoxed]

Valve will take down all sites and then start its own gambling service.

[Rocâ„¢]

[QUOTE=rndgenerator;50745418]All the actual info about their LLC seems to be public, are there any signs they are hiding anything from the government?[/QUOTE]

No idea. I just figured "these guys are shady as hell, theres gotta be dirt under the carpets"