Wednesday, November 28th 2018
FTC to Launch Investigation on Loot Boxes
This has been a long time coming for sure: the Federal Trade Commission (FTC) is looking to launch an investigation into the practice of introducing loot boxes in video games. The issue has already been brought up numerous times in other countries around the globe (Belgium and the Netherlands being the most prominent ones against its implementation). Only now will the FTC investigate openly into this, though, following an official request by Senator Maggie Hassan during a Senate Commerce, Science, and Transportation subcommittee hearing."Loot boxes are now endemic in the video game industry and are present in everything from casual smartphone games to the newest, high budget releases," said Hassan. She went on to say that they "represent a $50 billion industry by the year 2022." Of course, that same value that they can hold by 2022 will likely stand in the way of any serious regulation - those are some additional $50 billion rolling through the economy, after all. And the ESA (Entertainment Software Association) obviously reduces loot boxes' issues; a representative told Polygon that "Loot boxes are one way that players can enhance the experience that video games offer. Contrary to assertions, loot boxes are not gambling. They have no real-world value, players always receive something that enhances their experience, and they are entirely optional to purchase. They can enhance the experience for those who choose to use them, but have no impact on those who do not."
Sources:
Polygon, MCV.uk
36 Comments on FTC to Launch Investigation on Loot Boxes
Gambling is legal in the USA...regulated by the states. USA will not forbid loot boxes but they will place requirements on them. For example, states may compel EA to fork over gambling fees. That added cost may make loot boxes no longer profitable, ergo, seized to exist due to cost.
of course government want some of it, therefore launch "investigation" on it...
Love how it was a Senator that became "Concerned" during a subcommittee hearing which was probrably a think-tank for finding new ways to "Legally" exploit and get rich quick.
People have information at their fingertips (smartphones/tablets/etc) and have become conditioned to thinking and expecting things to be instantly beamed to them.
Hopefully something good comes from the "investigation" that nips things in the bud with loot boxes.
Never understood that well how loot boxes are any different than trading card games.
Remember- ESA is owned by EA, Activision etc. Essentially it's their mouthpiece.
EA games are notorious for this. They look very pretty and shiny but are essentially online casinos disquised as games.
Bullshit!
You put in countless hours gaining experience and getting XP just to have some freckless bitch come in and pay to devastate your experience.
Fuck outta here with that.
With that said, the above statement is easily the best argument that I have seen put forth against them.