ESRB Doesn't Believe Purchasing Loot Boxes is a Form of Gambling

ESRB Doesn't Believe Purchasing Loot Boxes is a Form of Gambling

The Electronic Software Rating Board (ESRB) has waded into the recent conversation surrounding loot boxes, saying the mechanic does not fulfill its criteria for using gambling as a game descriptor.

Understandably, their reasoning has sparked even more debate in light of what that entails, specifically the fact that there is now less leverage to push for stricter video game regulation and reclassification of loot boxes as forms of gambling. It's just sort of like gambling because customers always get something for their money, no matter how bad or worthless. One argument that we've seen spring up numerous times, especially over the last few weeks, is that loot boxes are essentially a form of gambling - and more should be done to regulate them in video games. This is because, in gambling, participants run the risk of walking away with nothing.

Furthermore, the loot system can not fall under the gambling definition since digital items do not have intrinsic value.

The ESRB replied to Kotaku with the following statement: "ESRB does not consider loot boxes to be gambling".

The star also called out game developers who do not release their loot box odds, arguing that adults who play such games deserve clarity on the chance of receiving a decent item when they shell out for a loot box.

Because the player always received something, it was likened to buying collectible cards, where some packs will contain more valuable cards than others.

This statement relies on semantics more than anything else, but it's how laws and rules are made, so it's safe to say that the ESRB's hands are tied. But the ratings board does not agree. The ratings board told Kotaku that, because lootboxes are always guaranteed to give players something for their money, they can't be considered gambling-the latter has no actual guarantee of winning anything.

The ESRB also noted it does advise players of the inclusion of microstransactions, as the company "does disclose the ability to purchase in-game content via the Digital Purchases interactive element, which will accompany the assigned age rating and content descriptors for digitally delivered games and apps". But for now, parents and concerned role models will need to just limit exposure as much as they deem fit. Loot boxes are an entirely different beast. Do you think that loot crates are gambling?

Related Articles

  • Osinbajo says he signed joint venture financing not NNPC contracts

    Osinbajo says he signed joint venture financing not NNPC contracts

    Akande added that the approvals were granted after carrying out due diligence and complying with laid down procedures. He also accused Baru of reorganising the corporation without recourse to the Board of the NNPC.

    $0.83 EPS Expected for GlaxoSmithKline plc (ADR) (GSK)

    Also, insider Patrick Vallance purchased 861 shares of GlaxoSmithKline plc stock in a transaction dated Friday, July 14th. Fernwood Investment Management Llc bought 1,215 shares as the company's stock declined 4.81% while stock markets rallied.

    AWS, Microsoft launch deep learning library

    AWS and Microsoft also published Gluon's reference specification on GitHub to allow other deep learning engines to integrate with the interface.
  • Arizona State Retirement System Has $23.34 Million Position in Starbucks Corporation (SBUX)

    Appropriate Balance Financial Services Inc. grew its holdings in shares of Starbucks Corporation by 1.6% in the second quarter. Following the purchase, the director now owns 18,000 shares of the company's stock, valued at approximately $995,400.
    She's Gotta Have It trailer released by Netflix

    She's Gotta Have It trailer released by Netflix

    Lee's debut independent film She's Gotta Have It is now a Netflix Original series coming out on Thanksgiving. She's Gotta Have It will premiere globally on Netflix on November 23, 2017 .
    Pro sports teams no longer staying at Trump hotels

    Pro sports teams no longer staying at Trump hotels

    Trump SoHo used to be the place where more than a third of the National Basketball Association stayed when they had games in NY . While NFL teams typically don't stay at luxury hotels like Trump's due to their massive teams and support staff, other teams do.
  • Glu Mobile Inc. (NASDAQ:GLUU), Steel Dynamics, Inc. (NYSE:STLD)

    Glu Mobile Inc. (NASDAQ:GLUU), Steel Dynamics, Inc. (NYSE:STLD)

    To measure price-variation, we found GLUU's volatility during a week at 3.76% and during a month it has been found around 3.65%. Family Management Corp increased Facebook Inc (NASDAQ:FB) stake by 3,645 shares to 10,832 valued at $1.64M in 2017Q2.
    5th Circuit Court of Appeals vacates Ezekiel Elliott's initial injunction

    5th Circuit Court of Appeals vacates Ezekiel Elliott's initial injunction

    Since the National Football League was not granted stay this means Elliott will be able to play for the rest of the season. The Cowboys happen to be on a bye week - which gives Zeke's team some time to counterpunch and fight the ruling.
    Tickets for 'Star Wars: Secrets of the Empire' VR experience now available

    Tickets for 'Star Wars: Secrets of the Empire' VR experience now available

    A version of the " Star Wars " virtual-reality experience also will open at Disneyland's Downtown Disney complex on January 5. Each group will go undercover as stormtroopers to obtain Imperial intelligence that is crucial to the rebellion's survival.
  • Boy, 16, fires shots at Melbourne officers

    Wednesday after the caller said her 16-year-old grandson was throwing things inside the house, according to police. During the police interview, the 16-year-old grandson came from a back bedroom and began firing at police.

    Sirius XM Holdings Inc. (SIRI): Insider Trading and Ownership Analysis

    The New York-based Jericho Asset Limited Partnership has invested 1.55% in Sirius XM Holdings Inc . (NasdaqGS: SIRI ) is 0.056446. A ratio of 1.5 will suggest that the company has $1.5 of liquid assets available to pay off $1 of its current liabilities.
    Local health care network to stop participating in major insurance network

    Local health care network to stop participating in major insurance network

    Also on Tuesday Unity Point Health in Peoria announced that they would be picking up Blue Cross Blue Shield as well. On Tues., The health insurance company announced it's expanding its network to cover UnityPoint Health Methodist.