Video game loot boxes are creating underage gambling addicts – UK audit

An audit by the UK Gambling Commission says that pushing players to buy chance-based items in video games has lead to a startling spike in gambling addiction among children. The alarming audit shows (scaling the survey results to UK population figures) some 55,000 children between the ages of 11-16 showcase telltale signs of gambling addiction, including […]

EA defies Belgian loot box decision, setting up potential “gambling” lawsuit

Enlarge / The Belgian government says these kinds of randomized in-game cards are a form of gambling. EA is standing firm in its disagreement. In the months since the Belgian Gaming Commission determined that certain video game loot boxes constituted illegal gambling, publishers like Blizzard, Valve, and Take-Two have removed loot boxes from their games […]

Legalized gambling could have major implications for esports

GUEST: On May 14, the United States Supreme Court struck down a federal law that prohibited states from legalizing betting on professional and collegiate sporting events, except in Nevada, the Professional and Amateur Sports Protection Act (PASPA). Annually, over $ 150 billion is wagered on sports in the U.S. esports leagues. Without the PASPA in […]

Compulsive gambling, sex from popular drug? Answer to 100s of lawsuits looms

Enlarge / Bottles of Bristol-Myers Squibb Co. Abilify brand medication sits on a pharmacy shelf in Princeton, Illinois, U.S., on Wednesday, Oct. 22, 2014. (credit: Getty | Bloomberg) Makers of the blockbuster drug Abilify have until September 1 to come up with a way to settle more than 800 lawsuits that claim the anti-psychotic and […]

China busts World Cup gambling ring pulling $1.5 billion in crypto bets

Officials in China have busted a World Cup gambling ring that took in over 10 billion yuan (nearly $ 1.5 billion) in cryptocurrency bets, reports the South China Morning Post. Six individuals allegedly connected to a dark web-based crime syndicate have been arrested and authorities have seized cryptocurrencies found in their possession worth over 10 […]

Gaming addiction latest: What are loot boxes? Are loot boxes gambling?

Gaming addiction recently hit headlines as the World Health Organisation proposed adding ‘gaming disorder’ to a new manual of disease classifications. The move comes as popular online games have been gripping the world, with games like Fortnite and Call of Duty leading many to spend excessive hours playing online. The manual says the newly classified […]

Op-ed: Game companies need to cut the crap—loot boxes are obviously gambling

Enlarge / Roulette is a particularly silly form of gambling. (credit: Yuki Shimazu / Flickr) Game companies now lean heavily on loot boxes to monetize their products. Legislators around the world are threatening to impose regulations on the boxes, claiming that they’re gambling. Industry groups, however, insist that the boxes are not. I play games that […]

Atari will use cryptocurrency to bolster its online gambling business

In its latest bid for relevance, Atari is glomming onto the cryptocurrency craze. The company is hoping to bolster its gambling business in Europe with Atari Token, according to Bloomberg. “Our aim is to take strategic positions with a limited cash risk, in order to best create value with the assets and Atari brand,” CEO […]