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This is actually a rapidly developing area of law. There is a lawsuit brought by Washington State that is arguing that virtual credits, in connection with games
by mediaman 8y ago
This is actually a rapidly developing area of law. There is a lawsuit brought by Washington State that is arguing that virtual credits, in connection with games of chance, constitutes "something of value" that is covered by the state's gambling laws.
If the state wins, it could result in an expansion of regulation of this type of mobile game.
Here's an article with some more detail.
https://www.geekwire.com/2018/game-show-network-hit-online-gambling-lawsuit-latest-case-targeting-gaming-companies/ https://www.geekwire.com/2018/game-show-network-hit-online-g...
- btbuildem 8y agoThat's interesting! Even though they are not legal tender (and cannot be exchanged for goods and services etc), the argument is that they are still OF VALUE for those who hold them.