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What Is A Game Of Chance? An Application To Loot Boxes, Wessel Oomens
What Is A Game Of Chance? An Application To Loot Boxes, Wessel Oomens
International Conference on Gambling & Risk Taking
The traditional landscape of games of chance such as lotteries, betting, casinos and slots has become intertwined with complex financial products as well as digital games with elements of chance.
The Netherlands Gambling Authority has issued a guidance paper outlining a five-step decision process in order to determine whether a game classifies as gambling:
- Threshold: is the number of providers, players and the amount money involved considerable enough to warrant spending resources in assessing the game?
- Overlap: is there potential overlap with other rules and regulations, in particular those governing financial products?
- Prize: does the game award its winners with …