Rest easy: Video game exec says loot boxes are not gambling

Are video game loot boxes like the kind found in the wildly popular FIFA series, a form of gambling? If you're a member of almost any European legislative body, your answer to this question is probably a firm "yes". But if you're Peter Moore, Former EA Sports President Peter Moore, you might just see them…

Video game companies bow to pressure to list loot box odds

Loot boxes have always been something of a mixed blessing for the video game industry. On the one hand, the in-game prize/lottery system is wildly popular and raises plenty of revenue with almost no effort. But all that money comes with the price of increased scrutiny from regulators. In country after country, lawmakers have reviewed…

Loot Boxes are Now Considered Gambling in Belgium

Belgian Gaming Commission (BGC) is the latest group of gaming regulators to decide that video game loot boxes are, indeed, a form of gambling. In a report released yesterday, the BGC declared that loot boxes must be removed from video games sold in the country. Video game makers who are found in violation of the…