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The new trend has shown that loot boxes found within video games are becoming extremely popular, a fact that has raised lots of concerns globally. This has led to approximately 15 regulators across Europe, with UKGC being at the front, to raise their voices over this new scheme as most of the third party websites offering illegal gambling services are connected to well-known and popular video games.
Should Loot Boxes Raise an Alarm?
The 15 gambling regulators, in collaboration with the Washington State Gambling Commission, have reached and signed an agreement to review the matter closely and to work together in order to inform the players about the risks created by the thin line between gaming and gambling. On the other hand, the game providers are claiming that the extra features within the games, such as loot boxes, are not illegal since they are not categorized as gambling according to national gambling laws.
Neil McArthur, Chief Executive for the United Kingdom Gambling Commission, commented: “We have joined forces to call on video game companies to address the clear public concern around the risks gambling and some video games can pose to children. We encourage video games companies to work with their gambling regulators and take action now to address those concerns to make sure that consumers, and particularly children, are protected.”
