Belgium's Gaming Commission Has Declared That Lootboxes Are Gambling
If other countries join in, it'll be a huge disruption to the video game industry as lootboxes and microtransactions are big revenue generating streams for AAA games like COD, Overwatch, BF, etc."The mixing of money and addiction is gambling," Belgium's gaming commission stated.
Belgium's Minister of Justice Koen Geens also took part in the announcement. "Mixing gambling and gaming, especially at a young age, is dangerous for the mental health of the child."
Belgium has said they wish to take this to Europe as a whole, which could be a big problem for game publishers who have been making lootboxes and microtransactions a core part of games. Redefining the games as gambling throughout all of Europe could, in theory, cost publishers millions of euros in fines, cause the games to be pulled from normal retail shelves, and generally strain their ability to sell in the region.