They recently updates their TOS. It seems that they got a Costa Rica gambling license, so they will operate like real money betting bookie (it means like you will need to sumbit your real info, you must be 18+, they can ask for verification docs, you can have only 1 acc etc.).
Also as far as I understand it – you will be able to deposit skins to CSGOlounge and it will be converted into the coins -> you place bets, win coins -> trade your coins in CSGOlounge shop back for skins
But when CSGOlounge will work again? Probably very soon. Few days ago they added fee for bets (they had 0% fee during testing coin thing)
So as you can see this match has 1.36 odds against 3.41 odds, which means that fee is around 2.84%. If you want to know how did I get 2.84%, you can read my article with fee calculations – How to calculate margin of your bookie?
Is 2.84% fee good? Pretty much yes, if you compare it to 7% on EGB or 9% on Fanobet. However I am pretty sure it’s not final percentages of CSGOlounge fee. Member good old times when CSGOlounge had <1% cut? And increased it more than 5 (!) times few months before Valve letters?