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 Originally Posted by spoonitnow
This was from Wikipedia, but there was no footnote. Can anyone elaborate on this?
Some kind of perverse interpretation of "old" definitions of gambling. The laws have not been updated for current trends, and these are the loopholes lawyers would employ to get their clients out of trouble. The main difference in most cases is that you cannot take exchanged money out opnce you buy in game currency. In my view, that is even worse than a casino; whereas a casino you *have* a chance to win your money back, theretically, in these you are actually a captive audience to their gambling mechanics as long as you play the game because a) you can't ever cash out and b) virtual goods are essentially worthless outside of their very definitely predefined environments. It's basically a money pit.
Which is among the reasons why the legislation needs updating pronto
Here for more background:
https://www.quora.com/Do-the-laws-th...rency-gambling
P.S Can I interest you in a $100 lootbox? But it's only cosmetic, so it's okay
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