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CS betting is entirely safe, as long as you are betting through a well-regulated and licensed esports betting site. It is very important to know that you must use reputable betting websites before proceeding.
CS:GO developer Valve has also looked to limit the CS:GO skin betting market. In May 2024, Valve's code of conduct was updated to state that gambling is now a bannable offence on Steam. This may heavily affect third-party CS:GO skin gambling websites that use Steam's API.