ESRB Does Not Consider Loot Boxes to Be Gambling


According to UKIE, the loot box systems in games - sometimes requiring gamers to use real money to purchase a box containing random items that may or may not have what players want - complies with the current United Kingdom, standards for gambling.

While some might like the idea of unlocking random stuff, it's a pain in the neck for those looking for one specific item. There's also the argument that if they did rule loot boxes to be gambling, any game with this kind of economy would be labeled "Adults Only" AO. It was implied that the "ESRB does not consider loot boxes to be gambling".

Bharti Airtel to merge with Tata telecom business
Tata Group has the appetite to absorb some employees in Tata Communication , Tata Sky and their other operating companies too. In return, Airtel will have to assume only a small portion of the unpaid spectrum liability of Tata.

Because the player always received something, it was likened to buying collectible cards, where some packs will contain more valuable cards than others. According to the ESRB's criteria, "Real Gambling" is any sort of wagering involving real cash, while "Simulated Gambling" means that the "player can gamble without betting or wagering real cash or currency". You may be throwing real money at loot boxes and you may not be getting what you want from them - potentially tempting you to part with yet more cash - but you are getting something.

Furthermore, the loot system can not fall under the gambling definition since digital items do not have intrinsic value.

PSG Chairman Subject of Criminal Investigation Over World Cup Bribery Claims
Valcke is now serving a 10-year suspension for his alleged involvement in a scheme to profit from World Cup ticket sales. The case involves the award of broadcast rights for the next four World Cups from 2018 through 2030.

The rating board explained its reasoning in a statement given to Kotaku, effectively saying that random chance loot boxes as used in games like Overwatch and Shadow of War don't constitute digital gambling since players are guaranteed to receive in-game content for every purchase. A system where it's possible to get nothing new or useful for your money sounds like gambling to me. Not only do they need to shell out the $60 price tag for an A-list game, but they also have to pay for a subscription service premium to play online and then spend more on top to gain rare items so they can remain competitive in the game. The games sector has a history of open and constructive dialogue with regulators, ensuring that games fully comply with United Kingdom law and has already discussed similar issues as part of last year's Gambling Commission paper on virtual currencies, esports and social gaming.

The UK is now considering regulation of skin gambling and loot boxes, with a review by the UK Gambling Commission ongoing as of August 2017.

United States to Pull Out of UNESCO Amid Palestinian Tensions
The state department said it would establish an observer mission at the Paris-based organization to replace its representation. The move was announced by Heather Nauert , spokesperson of the state department.

Skin gambling is not prohibited as a betting activity and loot boxes can be traded within video games.