I won't be surprised if Valve doesn't give a shit about LoL being competition though.
They're always open about stuff that way.
Eh, I don't trust companies, even Valve, to be nice.Valve doesn't strike me as that type of company. They might just think, "let the better game win!".
I just assumed they wouldn't host their MOBA competition but thinking about it, I'm sure Valve would love getting their hands on some of that skins dollars...