Twitch readies casino link ban

Twitch, the popular video game streaming site, recently announced a ban on players promoting or sharing links to online casinos and other online gambling sites. The move is aimed at curbing the spread of problem gambling, particularly among young people. While the move was clearly motivated by a desire to quell gambling addictions, Twitch pointedly…

Loot boxes projected to earn $20 billion by 2025

Loot boxes are a corner of the video game world that game producers love because they generate huge amounts of revenue but are equally hated by lawmakers because they are, well, a form of gambling that's aimed at children. But no matter what anybody thinks of loot boxes, they're on track to generate an astounding…

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…

EA faces major lawsuit over loot boxes

Are video game loot boxes a form of gambling? Do video game companies deliberately induce compulsive behavior? Those are the questions that may, or may not, be answered as a class-action suit against video game giant Electronic Arts (EA). The lawsuit was brought on by video game player Kevin Ramirez and involves 100 other players.…

Are loot boxes gambling? An answer is coming for the EU

Are video game loot boxes the gateway to problem gambling? That's a question that's been bandied about quite a lot over the past few years as loot boxes have become a more integral piece of the video gaming world. But loot boxes are every bit as controversial as they are popular, and that's garnered the…

Valve limits loot box key sales on money laundering concerns

Valve Corporation, a leading worldwide video developer, is limiting sales of loot box keys on its massively popular Counter Strike:Global Offensive (CS:GO) game, but not for the reasons you might be expecting. While debate rages about loot box culture and its potential role as a gateway to problem gambling, Valve is taking a look at…

UK Children's commissioner ready for loot box clam down

Are video game loot boxes actually a form of gambling? More and more regulatory authorities and government agencies across the world are taking a hard look at this incredibly popular element of contemporary gaming and coming to the same conclusion. The most recent example of this phenomenon came this week when the children's commissioner for…

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…

Irish Stance on Loot Boxes 'Not Gambling'

Loot boxes in video games are the true definition of the expression, "Beauty is in the eye of the beholder." After all, to video game makers, loot boxes represent an opportunity to boost revenue while giving players a chance to boost their fortunes in the game. To gambling regulators, however, loot boxes look more like…