Actually yes, it's bad. It's idiotic and to another decent term for it it's honestly pretty disgusting.
Your "friend" stands to make profit from the raffle, in total a group of people are gambling for that knife. They are putting in money for a one in forty chance of winning that knife. So, one person happens to get lucky and 39 just gave someone a free key for really nothing. It's quite literally the definition of gambling and to be honest, it probably goes against some of the policies of steam.
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That's why you should read the FAQ. Rules state that you must activate games you win on your account. Breaking the rules get you suspended and sometimes, blacklisted.
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We don't like raffles around here. Lock this topic, then prepare for your suspension from the non activated win.
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My group - http://steamcommunity.com/groups/wflteam
knife raffle (GUT | NIGHT FT) - http://steamcommunity.com/groups/wflteam/discussions/0/613939294209430990/
we have 39 tickets - 1 key = 1 ticket
1 guy can join 1 time (1 ticket)
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