FTC will host a loot box workshop in August, and regulators want your input

April 8, 2019 The FTC will host a workshop on loot boxes on August 7.

Back in November, commissioners of the US Federal Trade Commission agreed to investigate loot boxes and their effects on children. Now, the FTC has set a date for its loot box workshop, which will bring together industry reps and consumer advocates to talk about the transactions, and the organisation is looking for public input leading into the workshop. ‘Inside the Game: Unlocking the Consumer Issues Surrounding Loot Boxes,’ as the FTC has named the workshop, will take place on August 7. It will host representatives from the industry and trade associations, as well as academics, government officials, and consumer advocates to “discuss concerns regarding the marketing and use of loot boxes and other in-game purchases, and the potential behavioral impact of these virtual rewards on young consumers.” The three main topics noted in the announcement are the history and current state of in-game transactions, research on child and consumer behaviour around digital transactions, and consumer awareness and education on in-game purchases.

from PCGamesN http://bit.ly/2IlDcsw