πŸ€‘ Yes, loot boxes and card packs reek of gambling | VentureBeat

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From the outside, loot boxes do resemble the trading card pack they want alleviates this gambling resemblance immediately and can allow.


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The same is true when you buy a pack of Pokemon cards. The primary purpose of buying expansion booster packs is to increase your Continue Reading.


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A French lawsuit filed against EA argues that the video game's controversial card packs should be classified as gambling, says writer Tom.


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Well, that sounds a lot like CCGs' model of blind card/dice packs, the if it says loot boxes are gambling, chances are booster packs also are.


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From the outside, loot boxes do resemble the trading card pack they want alleviates this gambling resemblance immediately and can allow.


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Players of collectible card games often buy sealed physical packs of cards known as 'booster packs'. Booster packs share many formal similarities with loot boxes.


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I looked at an unopened pack of Topps baseball cards from my own collection. Here's the first thing I saw in the small type before opening.


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But there are collectors who spend a ton of money buying unopened packs of cards hoping to get a big find. β€œNo doubt this is gambling,” my.


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The message for parents: Monitor your kids' behavior if they are into collecting and explain the meaning of the fine print on the packages. Might I have been gambling by shelling out a few nickels in the hope of finding a valuable Mickey Mantle or Sandy Koufax card? Before you dismiss this question with a hearty laugh or a shrug of your shoulders, take a close look, for example, at the fine print on a pack of trading cards the next time your child brings one home. Skip to content. Now the gambling debate has heated up in the video game industry over what gamers call "loot boxes. Success Have a financial checkup over the holidays. Latest Success. Should trading cards be considered a form of gambling? Or is this just a smart marketing move by Topps and other card companies? But there are collectors who spend a ton of money buying unopened packs of cards hoping to get a big find. I asked a friend of mine who runs a card brokering business what he thought of the gambling argument. Questions, comments, column ideas? Frugality among consumers is outliving recession.{/INSERTKEYS}{/PARAGRAPH} Reach Steve Rosen at. Preying on borrowers saddled with college debt. Recommended on Chicago Tribune. Working Lunch Newsletter. If your kids are gamers, set limits on spending for digital goods, especially if it involves tapping your credit card. You are now following this newsletter. Success More companies helping students with loan debt. More companies helping students with loan debt. What is that all about? Here's the first thing I saw in the small type before opening the wrapper, something I had never noticed: The odds are 1 in for finding a "vintage stock card" in that pack; one in 8 chances for a Wrigley Field card; 1 in 3, for a "bunt player card;" and one in four for a "greatest streaks card. Broadly speaking, gambling involves something of value being wagered on an event with an uncertain outcome, with the potential to earn something of value. Success Preying on borrowers saddled with college debt. I looked at an unopened pack of Topps baseball cards from my own collection. See all newsletters. In the United States, the Federal Trade Commission and the Entertainment Software Rating Board have been looking into the practice, and several states have proposed legislation that would prohibit the sale of loot boxes to children under the age of Whether it's trading cards or loot boxes, I can see where an argument can be made that card companies are encouraging gambling-like behavior through their product packaging and distribution. Time and again, the companies have denied promoting any illegal activity. I'm not convinced. Get the latest business news headlines, delivered to your inbox midday weekdays. That debate has been going on for years and has been the foundation of numerous lawsuits filed against Topps and other card companies. Herpes healing comes in numbers. Anti-gambling advocates and some child psychologists have argued that children can exhibit gambling-like behavior in buying loot boxes. Recruiting college students to become more competitive. Have a financial checkup over the holidays. At least two countries have banned loot boxes, although a number of countries have looked at the issue and deemed the game feature permissible. But as someone who bought baseball cards by the hundreds as a kid, I was interested solely in collecting them, swapping them, flipping them and even putting them in my bike spokes. {PARAGRAPH}{INSERTKEYS}Are baseball, Pokemon and other types of trading cards a way for kids to enjoy good wholesome fun, or are they a form of illegal gambling supporting a multi-billion-dollar industry? Opening the loot box is the event with an uncertain outcome. When you spend money on a loot box, you're wagering something of value. Players pay real money to win digital goods such as new characters, weapons, costumes and other goodies that enhance the game. Are kids gambling away their money in the hope of snagging a valuable card? Typically, the packages list the odds of getting special cards. I was this way as a kid into my teens. And whatever you get from that loot box is of potential value to you.