6. Is it open to all CS GO players worldwide?

Yes, CS GO Lounge is open to all, player or not. As long as you have a steam account with CSGO in it, they will accommodate you in trading and betting. Just make sure you have items to bet and trade with else you can just watch live competitive matches and learn from the best.

7. Which teams can I bet on in competitive matches?

You can bet on some of the best teams around the globe. Here is a list of the top 10 teams in the world at the moment. This will come in handy if you are unfamiliar with the teams competing.

Current Top 10 CS GO Teams in the World. (Image // gosugamers.net)