In particular, one recurring argument was that loot box rewards already amount to “money or money’s worth” per the definition for a “prize” set out in the Gambling Act 2005. The Gambling Commission has previously set out its interpretation of the Gambling Act 2005 with regards to loot boxes in its 2017 position paper. As it outlined then, most loot boxes currently on the market are unlikely to meet this definition as the reward is confined for use within the game and cannot be sold or otherwise exchanged for real world currency. Loot boxes may also not necessarily meet the definition of a game of chance.
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