UK Gambling Committee call for ‘immediate’ gambling regulation of loot boxes BBC · July 2, 2020 at 3:58 pm The Lords say they should be classified as “games of chance” – which would bring them under the Gambling Act 2005. “If a product looks like gambling and feels like gambling, it should be regulated as gambling,” their report says. And they warn that such a change should not wait. “The government must act immediately to bring loot boxes within the remit of gambling legislation and regulation,” said a statement accompanying the report. Loot boxes have long been controversial in video games. They offer players a chance at a randomised reward when opened. To further complicate matters, boxes can often be bought for real money, and the rewards can sometimes be traded.
