Classifying video game loot boxes as gambling 'apocalyptically stupid' - Business Insider

There's a debate raging over whether in-game loot boxes encourage kids to gamble.

Experts are divided over whether paying for loot boxes has a causal link to gambling and one told Business Insider it could be "apocalyptically stupid" to regulate loot boxes like gambling without doing more research.The video game industry might have a fight on its hands as the UK looks poised to reclassify a popular game mechanic as gambling.on the harms of gambling, which found that in the UK there are 55,000 problem gamblers aged between 11 and 15.

In some games, players are able to trade the rewards they get from loot boxes with each other for real money. Loot boxes and this accompanying practice of trading items are collectively known as "microtransactions." In 2018 a report from analysts atfound microtransactions generated $30 billion in sales for gaming firms or apps, and projected that the industry could be worth $50 billion by 2022.

"Problem gambling is characterized by uncontrolled excessive spending on gambling. Loot boxes share many similarities with gambling. It therefore makes sense that this uncontrolled spending may transfer to loot boxes too," he wrote."We're really only in the early phases of gathering scientific research evidence about the nature of loot box effects," Professor Pete Etchells, a psychologist specializing in video games at Bath Spa University, told Business Insider.

Przybylski also said that blanket regulation of video games with loot box mechanics as gambling would be "apocalyptically stupid," as this would essentially mean slapping an 18+ label on a wide range of games aimed at children, such as "Fortnite" and "FIFA."

Ha! They should check out Disney’s Emoji Blitz game. Now, THATS gambling!

It's a rip off but its not gambling. You don't win cash or prizes. You receive digital items only to be used in the game ur playing.

How come that the stock market is not included in that discussion? That is basically gambling as well and should be taxed as such................................

Paid loot boxes should be simply removed

Get. Rid. Of. Them.

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