South Korea Pushes Google, Apple To Pull Play-to-Earn Games From App Stores (techinasia.com) 8
South Korea's government wants Google and Apple to block new and existing play-to-earn (P2E) games, saying such games should not receive an age rating to get listed on their respective app stores. From a report: The country's Game Management Committee in the Ministry of Culture, Sports, and Tourism said in an official letter called its request "reasonable" as money gained from P2E games could be considered prizes. In Korea, prizes from gaming are allowed to be only around US$8.5 at a time. The ministry's move comes after game developer SkyPeople's P2E title, Five Stars for Klaytn, was blocked from getting a rating it required to get listed in April this year.
video games that are slots should not be for kids (Score:3)
video games that are slots should not be for kids
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And if these aren't 'prizes' then they are earnings and child labour and minimum wage laws should apply.
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Gambling in Korea is heavily regulated to the point where it is essentially illegal for Korean nationals both on Korean soil, as well as when traveling overseas. The only casino in Korea at which it is legal for Korean citizens to gamble is Gangwon Land. A small cramped casino located out in the middle of nowhere so that it would discourage gamblers; it is filled to capacity every night. Gambling for foreigners, on the other hand, is completely legal and encouraged (have a look at this list of casinos in Se
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They have 10-minute CFD trading machines, though. Those are used for gambling. People who would be in the casino high roller rooms in countries with less regulated gambling trade KOSPI warrants in Korea. And that's just legal gambling analogs - there's illegal gambling, too.
Play to earn is MLM (Score:2)
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Interesting, will there be Blackjack too?
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they better have it respilt aces up to 4 times, dealer stands on soft 17 and blackjack pays 3-2
Pay "someone", then they allow you to earn (Score:3)
Hmmm. Different pay 2 earn game stories are exploding cross-news sites today.
Some politicical push is on. Tax it. Behind-the-back waggle-fingers to not stomp it out. Both, most likely.
It's the way of the world.