Compliance Updates
Spanish Government to Introduce Bill to Regulate Loot Boxes in Video Games
The Spanish government, through the Department of Consumer Affairs, has announced that it will present a bill to regulate video game loot boxes, which the Department compared to games of chance, in order to avoid addictions such as compulsive gambling and to preserve the health of players. If approved, it would be the first country in Europe with a specific law for this sector.
The announcement was made at the opening of the seminar “Loot Boxes: New challenges for the video game industry”, organised by the Department of Consumer Affairs to discuss these random reward mechanisms with experts and professionals from the sector.
The concept held by the minister of that department is that the boxes share the randomness or chance in the result, that it costs money to activate the mechanism and that the prize has an evaluable value. “The reality is that behind video games there is a sub-game very similar to traditional games of chance that carry a health risk,” Alberto Garzón, Minister of Consumer Affairs, said.
At the event, Garzón further indicated that having a specific law to regulate loot boxes, and even the market for cryptocurrencies and NFTs (non-fungible tokens), “will allow having fun and that this is compatible with the preservation and maximization of the health of all consumers and, in particular, of those who are most vulnerable.”
In an interview last week, the minister said that his office has drafted “a very specific law” that will be presented “in a few days” to regulate these contents, although he did not provide further details of the proposal.
-
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
-
Australia6 days ago
Michael Fitzsimons Joins Tabcorp as Chief Wagering Officer
-
eSports6 days ago
Melbet and Eternal Fire have formed a new partnership
-
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
-
Industry News6 days ago
NOVOMATIC is Set to Shine with Sparkling Highlights at ICE 2025 in Barcelona