The House of Lords wants loot boxes to be classified as gambling

The UK House of Lords, specifically its Select Committee on the Social and Economic Impact of the Gambling Industry, has called for loot boxes to be classified as gambling and regulated as such. The report, which is wide ranging, claims that the “liberalisation...

ESRB adds a new warning label for loot boxes

In February 2018, the Entertainment Software Rating Board said that it would begin labeling physical copies of games with microtransactions as having “In-Game Purchases.” The idea, ESRB president Patricia Vance explained at the time, was to help ensure...