Game-Maker Valve Moves to Choke Off $7.4 Billion Gambling Market

  • Recent lawsuits highlight firm’s connection to teen betting
  • ‘This appears to be the beginning of the end,’ analyst says

Valve Walks Away From Gambling Ecosystem for Its Games

Facing a wave of criticism and legal action, video game maker Valve is walking away from the rapidly expanding gambling ecosystem that has evolved around its games, potentially destroying an industry that was expected to take $7.4 billion in bets this year.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.