This week we return to our regular short-form format and take a look at two exotic corners of the financial system. Video Game Gambling(2 min) Snowfall Futures (1 min) What is the video game skins market and who participates in it? In recent years people have been spending astronomical sums for the right to display custom cosmetic designs on their guns, items, and clothing in multiplayer games. The item below was reportedly sold for $100,000 to a Chinese collector in the game CS:GO. Of course, wherever there is an obscure market with high liquidity that authorities don't understand you can be sure to find two participants: gamblers and money launderers.
Video Game Gambling & Snowfall Futures
Video Game Gambling & Snowfall Futures
Video Game Gambling & Snowfall Futures
This week we return to our regular short-form format and take a look at two exotic corners of the financial system. Video Game Gambling(2 min) Snowfall Futures (1 min) What is the video game skins market and who participates in it? In recent years people have been spending astronomical sums for the right to display custom cosmetic designs on their guns, items, and clothing in multiplayer games. The item below was reportedly sold for $100,000 to a Chinese collector in the game CS:GO. Of course, wherever there is an obscure market with high liquidity that authorities don't understand you can be sure to find two participants: gamblers and money launderers.