The loot box is quite a daunting term when it comes to Video Games. FIFA, Call of Duty, and various other games have them. If you are not sure what they are; they are essentially something you buy that gives you a random chance at items. These could be strictly cosmetic or actually useful. The biggest issue with this is that it causes people to get hooked like gambling does. “One more hand” or “one more roll” can now be “one more box” while on the search for something valuable. This is especially damaging because children like to play these games. It is absolutely adequate to play these games without touching loot boxes, but kids may not realize that. Their parents often have their credit card information hooked up to the gaming system in the house, and this leads to financial chaos. The children might continue to buy and buy until they get something from these packs. It’s like gambling with someone else’s money. The worst part is that it exposes children to this environment at an early age, and could leave their parents missing money in the process.
Regulators in some countries have tried to put a stop to this. 15 European Union countries agreed that this is a problem to look into. Belgium outright banned loot boxes since they decided it fell under their gambling laws. This resulted in large companies pulling out loot boxes completely in Belgium. This resulted in the cause gaining momentum in the United States. Those efforts have since stalled, however. Lobbying from the big video game companies have curbed any progress that has been made in this regard. I guess money talks, and $3o billion is plenty for political leaders to step down from this issue.