Answer:
It's a game played by serious people that takes place on a global scale.
Describes a mysterious region and a stylish pair of shorts.
The higher I climb, the hotter I engage. I cannot escape from my crystal cage.
Often held but never touched. Always wet but never rusts. Often bits but seldom bit. To use it well you must have wit.
I open wide and tight I shut, Sharp am I and paper-cut fingers too, so do take care, I'm good and bad, so best beware.
What language does a billboard speak?