When Do Money Transmitter Rules Apply to Blockchain Games?
Most video games rely on in-game virtual economies to incentivize player engagement and facilitate the exchange of in-game items. But virtual economies that extend beyond the boundaries of gameplay and into real-world financial markets may...
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Does Your Blockchain Game Loot Box Constitute Gambling?
Traditional web2 video games, or off-chain games, that feature loot boxes have frequently been accused of constituting a form of illegal gambling. Most US courts have ruled that gambling requires the possibility of earning rewards...
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Is Your Blockchain Game Digital Asset a Security?
Investment in blockchain games persists, but developers face a fragmented, confusing, and ill-defined US regulatory environment. Absent comprehensive digital assets legislation from Congress, US federal and state agencies have been tasked with adapting existing legal...
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Mobile Platform Rules on Blockchain Games Remain Unclear Despite Updates – But Popular Mobile Blockchain Games Provide Clarity
Apple Inc. (“Apple”) and Google LLC (“Google”) dominate the global game market by offering the most used app stores in the world. However, Apple and Google’s developer rules require user transactions to occur within their...
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Implications of Biden Executive Order for Blockchain Games
On March 9, 2022, President Joe Biden issued the “Executive Order on Ensuring Responsible Development of Digital Assets” (the “Biden Order”), and shortly after, on May 4, 2022, California Governor Gavin Newsom issued “Executive Order...
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