Compliance Updates
Ireland moves closer to banning loot boxes in video games
Ireland could become the next country to ban lootboxes in video games, following the footsteps of countries such as Belgium and the Netherlands. The Dáil, the lower house of parliament in the Republic of Ireland, is discussing the legality of loot boxes.
Loot boxes are popular among the players. They are also a major source of revenue for game manufacturers, as loot boxes are often sold for real money.
However, it has also forced many governments look critically at the practice.
David Stanton, the current Minister of State responded that if any video game was offering a product that was considered gambling under Irish law, they must obtain a license for it. According to Stanton, no video game manufacturer has sought out a license in Ireland or another EU member state for loot boxes.
Minister Stanton repeated the concerns of the Gaming Regulators European Forum that certain video games were offering products that could be considered gambling under some national laws in the EU. Heydon used examples to outline how loot boxes worked and why they were viewed as gambling products.
-
Compliance Updates5 days ago
Cucacao Gaming Authority – AML Policy
-
Africa6 days ago
Soft2Bet takes its first steps into Africa with a multi-year Turnkey deal with media leader Channels TV
-
Eastern Europe6 days ago
Conquering Challenges: TotoGaming in Romania – 1 Year in the Market
-
eSports6 days ago
Melbet and Eternal Fire have formed a new partnership
-
Australia5 days ago
Michael Fitzsimons Joins Tabcorp as Chief Wagering Officer
-
Industry News5 days ago
EGT at ICE Barcelona 2025: Get ready to be stunned
-
Interviews6 days ago
Oliver Niner on his new Head of B2B role at PandaScore
-
Industry News7 days ago
Kiron to debut flagship GOAL Premier at ICE Barcelona