They've cracked down on skin gambling as far as the media is concerned. But it was a real issue with CS:GO for awhile, since you could cash in and out through external services.
Being able to cash out might be a requirement for some legal definitions of gambling but its absence doesn't really make the situation much better. The problem is abusing the dopamine reward mechanisms in vulnerable individuals to get them to spens unreasonable amounts of money. The reward here doesn't have to be monetary at all for it to be an issue.
