Latest News
UK Gambling Commission Says Fifa Packs and Loot Boxes are Not Gambling
The UK Gambling Commission has stated that the Fifa player packs and video game loot boxes are not gambling. A prize has to be either money or have monetary value in order for it to fall under gambling legislation.
However, there are unauthorised third party sites which buy and sell in-game content or enable it to be used as virtual currency.
Brad Enright, Gambling Commission programme director, admitted that the games publisher EA, which sells the football team management game Fifa, faced “a constant battle” against unauthorised secondary markets.
“There is unquestionably a demand for a secondary market,” Brad Enright said.
In Fifa player packs, the content of the pack is revealed only after payment. The loot boxes contain bonus content, often in the form of character costumes or weapons.
Gambling Commission chief executive Neil McArthur, while speaking at the Department for Culture, Media and Sport select committee, admitted that there were “significant concerns” around children playing video games in which there were elements of expenditure and chance.
However, he added that under current legislation it did not classify as gambling.
“There are other examples of things that look and feel like gambling that legislation tells you are not – [such as] some prize competitions but because they have free play or free entry they are not gambling… but they are a lot like a lottery,” Neil McCarthur said.
-
Africa6 days ago
Altenar obtains National Manufacturer licence in South Africa
-
Industry News3 days ago
Pennsylvania Skill, powered by Pace-O-Matic, congratulates PA Gaming Control Board and casinos on a banner 2024 with record monthly revenue
-
Asia7 days ago
Government support, medals, and global recognition define a landmark year for Indian esports and video gaming in 2024
-
Latest News3 days ago
FBM Foundation spreads holiday cheer with initiatives in Brazil and the Philippines
-
Australia5 days ago
AUSTRAC Takes Ladbrokes and Neds’ Operator – Entain – to Federal Court Over Serious Non-compliance with Australia’s Money Laundering Laws
-
eSports6 days ago
GRID Joins IBIA as an Associate Member, Strengthening Esports Integrity
-
Interviews6 days ago
FTDx Wins Xanada Startup Contest: Unlocking Untapped iGaming Traffic with Innovative Monetization Solutions
-
Latest News5 days ago
Join the Danish Problem Gambling Committee’s Online Conference: A Critical Conversation on Problem Gambling Prevention and Treatment