Topic: virtual items
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Valve to Challenge New York Loot Box Lawsuit
Valve is contesting a New York lawsuit over loot boxes, arguing they are a common industry feature and that it has cooperated with authorities to explain its virtual economies. The company's defense emphasizes the voluntary, cosmetic nature of its loot boxes and states it will comply with future ...
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New York Sues Valve Over Loot Box Gambling Allegations
The New York Attorney General has sued Valve, alleging its Steam platform illegally promotes gambling through loot boxes in games like Counter-Strike 2, seeking to halt the practice and recover profits. The lawsuit argues the system constitutes gambling, as players pay for randomized virtual item...
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Epic and Google Strike Deal for New Metaverse Apps
Epic Games and Google have settled their antitrust dispute and are now collaborating to develop foundational tools for "metaverse browsers," which are applications designed to navigate interconnected virtual worlds. The partnership builds on a shared long-term vision for the metaverse, with Epic'...
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