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FTC Head Tells U.S. Senator That Video Game Loot Boxes Will Be Investigated

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FTC Head Tells U.S. Senator That Video Game Loot Boxes Will Be Investigated FTC Head Tells U.S. Senator That Video Game Loot Boxes Will Be Investigated

FTC Head Tells U.S. Senator That Video Game Loot Boxes Will Be Investigated






United States Senator Maggie Hassan (D ? N.H.) received assurances from members of the Federal Trade Commission (FTC) in a Senate Commerce, Science, and Transportation subcommittee meeting on Tuesday that they would look into the issue of loot boxes in video games. Her brief speech and subsequent response from FTC commissioners piggybacked off of Senator Ed Markey?s (D ? Mass.) questions to those commissioners about in-game purchases in games geared toward children.
?Loot boxes are now endemic in the video game industry and are present in everything from casual smartphone games to the newest, high-budget video game releases,? Senator Hassan said during the meeting. ?Loot boxes will represent a $50 billion industry by the year 2022, according to the latest research estimates. Children may be particularly susceptible to engaging with these in-game purchases, which are often considered integral components of video games.?
When she asked FTC Chairman Joseph Simons if his Commission would take a look at loot boxes, he said yes. Other commissioners at the table also responded in the affirmative.
As Senator Hassan said, loot boxes can be found everywhere in the video game industry. As a gamer myself, and as a father of two children, I am more than familiar with both the fun and the dangers of these in-game purchase devices.
Many games give players the opportunity to make in-game purchases, often categorized as ?micro-transactions? if they are very inexpensive transactions. Most mo...
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FTC Head Tells U.S. Senator That Video Game Loot Boxes Will Be Investigated FTC Head Tells U.S. Senator That Video Game Loot Boxes Will Be Investigated

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Source of publication: 02-12-2018 16:12
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