Loot Boxes Get a "Warning Label"

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Published on April 16, 2020 9:16:40 AM ● Video Link: https://www.youtube.com/watch?v=0IQGDdRAj0E

Duration: 9:37

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Video games with loot boxes will now come with a warning label... kinda. The ESRB and PEGI have announced new additions to their "In-Game Purchases" content descriptor, but do they go far enough to protect consumers?

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#Gambling #GamingNews #LootBoxes

Full NCPG Statement: https://www.dropbox.com/s/gp6915sv2ip0ucj/NCPG%20statement%20on%20loot%20boxes%20to%20FTC%20August%202019%20final.pdf?dl=0

Sources:

Introducing a New Interactive Element: In-Game Purchases (Includes Random Items)
https://www.esrb.org/blog/in-game-purchases-includes-random-items/

PEGI Adding a Label to Notify Customers of Games With Paid Random Items
https://www.playstationlifestyle.net/2020/04/14/pegi-in-game-purchases-new-label/

Loot boxes and skin gambling to earn £35bn in revenue by 2022
https://www.mcvuk.com/business-news/loot-boxes-and-skin-gambling-to-earn-35bn-in-revenue-by-2022/

Online gaming and gambling in children and adolescents – Normalising gambling in cyber places
https://responsiblegambling.vic.gov.au/resources/publications/online-gaming-and-gambling-in-children-and-adolescents-normalising-gambling-in-cyber-places-479/

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Become A Millionaire FAST & EASY - GTA 5 Online The Diamond Casino & Resort DLC Update Money Guide!
https://www.youtube.com/watch?v=NKyCGhT98FU

Free-to-play: About addicted Whales, at risk Dolphins and healthy Minnows. Monetarization design and Internet Gaming Disorder.
https://www.ncbi.nlm.nih.gov/pubmed/27178749

Is the Buying of Loot Boxes in Video Games a Form of Gambling or Gaming?
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Predatory monetization schemes in video games (e.g. ‘loot boxes’) and internet gaming disorder
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Who Spends Money to Play for Free? Identifying Who Makes Micro-transactions on Social Casino Games (and Why).
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