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Online game involves a very large number of users who are interconnected andinteract with each other via the Internet. We studied the characteristics ofexchanging virtual goods with real money through processes called "real moneytrading (RMT)." This exchange might influence online game user behaviors andcause damage to the reputation of game companies. We examined in-gametransactions to reveal RMT by constructing a social graph of virtual goodsexchanges in an online game and identifying network communities of users.  We analyzed approximately 6,000,000 transactions in a popular online game andinferred RMT transactions by comparing the RMT transactions crawled from anout-game market. Our findings are summarized as follows: (1) the size of theRMT market could be approximately estimated; (2) professional RMT providerstypically form a specific network structure (either star-shape or chain) in thetrading network, which can be used as a clue for tracing RMT transactions; and(3) the observed RMT market has evolved over time into a monopolized marketwith a small number of large-sized virtual goods providers.

No Silk Road for Online Gamers!: Using Social Network Analysis to Unveil Black Markets in Online Games