What are loot boxes? FTC will investigate $30B video game industry
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AIGF has asked the central government to take steps to block the foreign websites accepting deposits from Indian players under the Information Technology Act and Rules. It has further asked Prime Minister Modi to direct the Enforcement Directorate (ED) to conduct a comprehensive probe against the offshore gambling websites for violations of the Prevention of Money-Laundering Act, 2002; Foreign Exchange Management Act, 2000 and other laws.
Goldman Sachs estimates that loot boxes will generate half the global video game industry’s $120 billion in revenue this year.
UK Gambling Commission Chief Executive Neil McArthur "How well do we know our customers? What more can we do to keep our customers safe?"