Valve Continues to Deny a Gambling Problem

"In the process of cooperating with the NYAG’s investigation, we shared with them our efforts over many years to shut down accounts found to be using Valve game items on gambling sites in violation of the Steam Subscriber Agreement. We also shared with them our efforts to combat fraud and theft of users’ items and our extraordinary measures to stop gambling sites from taking advantage of Steam accounts and Valve game items. Valve does not cooperate with gambling sites." — via About the New York Attorney General lawsuit against Valve Valve may not "cooperate," but they sure do make a lot of money from them.