its cause it promotes gambling for all the dota players that are underage, they're aiming to keep d2 alive and well through new players actively playing the game for what it is rather than maintaining the audience that are keeping up to date with dota 2 to bet on games instead of playing it through those type of sites
not that valve gives a fuck about gambling if you're of age... i mean even bet365 have markets for dota games
not that they need money either shown by the prize pools of ti but i'd imagine the increase inflow of buying items directly through dota 2 client / steam market since they're gonna continue banning sites that get popular enough to come on their radar
you've just experienced what happened to all the players that used dota2lounge
EDIT: whoops, just found a source saying valve actually frowns upon gambling regardless of age
https://www.joindota.com/en/news/43236-dota2lounge-hit-hard-by-valve-crackdown-virtual-bets-no-longer-permitted
i miss d2l of 2013 a lot, with bets and normal trading system without autistic restrictions, delays, non tradeable items, etc.
I wasnt much in dota2 to know what d2l is but sounds like it was good thing.
About lootmarket, ive been using it and got some cash back so as for me it was ok even with gambling.
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Thats kinda bad news. Velve has banned lootmarket so every traded items are lost. Personally I had over 100 active offers and im kinda mad for this situation. No idea if you were using this site also, just letting you know velve did shit move to players.