Gambling Regulators in Europe and US to Clamp Down on Loot Boxes
According to a report published by a news agency, the gambling regulators in the United States and Europe are likely to take stringent measures to restrict game developers over loot boxes. As claimed by certain jurisdictions, these loot boxes essentially violate one or many of the gambling laws in the area.
The report revealed that a group of about 15 gambling regulation agencies from Europe and the Washington State Gambling Commission had unveiled their plans of working together for addressing the risks associated with the intermingling of gaming with gambling. In its statement to the press, the Washington State Gambling Commission remarked that it is their major priority to crack down on unlicensed third-party websites that offer illegal gambling provisions linked with some of the most popular video games in the market.
The Washington State Gambling Commission, as well as the other European agencies, have together urged the various technology platforms and the games industry to provide their support in weeding out such illegal websites. In addition to this, the regulators have also asked the developers to ensure that the loot boxes offered by these websites are not considered as a form of gambling according to the local laws.
In an interview with the local media, the chief executive officer of the Gambling Commission remarked that they have decided to closely work together with the video games companies in a bid to address the growing public concern around the risks some of the video games and gambling may pose to young children. He further added that they have always encouraged the video game companies to follow the instructions of their gambling regulators and take suitable actions to address the concerns and safeguard the interests of their consumers, especially children.
According to the regulatory agency in the United Kingdom, the loot boxes are not regarded as a type of gambling as long as the player cannot convert their virtual goods into real money. In a statement to the press last year, the UK agency had reiterated that it is keeping a close watch over the issue.
However, there are a few third-party websites that allow the players to sell and buy virtual goods, such as Counter-Strike: Global Offensive, the Ultimate Team players in the FIFA 18 and so on. In fact, there is a website that offers its players the chance of adding Christiano Ronaldo to their Ultimate team for a whopping $156!