While I agree regulation must be enforced, let’s not forget that if a kid is playing on a phone that has a credit card saved, is enterely their parents’ fault.
And same if the kid has access to the card itself.
Laws to regulate lootboxes are a must, and I believe this kind of products should be treated as gambling. But FFS, it’s your kid, take some responsibility on what they play and what they buy. A 10 years-old can’t open a bank account or a credit card by themselves, so the card is their parents’. You are doing something very wrong as v parent if your kid can dispose of your credit cards unchecked and freely.
prole@lemmy.blahaj.zone 3 weeks ago
When the fuck has “industry self-regulation” ever worked?
banditbananas@retrolemmy.com 3 weeks ago
Credit card processing standards are heavily industry regulated. At least in the US. There are some state and federal laws but it’s mostly Visa, Discover, and other cc companies that regulate and develop these standards. They have the teeth to stop all your credit card processing if you don’t meet their requirements. Frankly, they actually do have decent security protocols and practices.
They take it seriously because they really don’t want the government to mess with processing fees and whatever else makes them money. In some ways I’d rather it be regulated, but the current gov shouldn’t be trusted with anything.
brewery@feddit.uk 3 weeks ago
Really? And did they self regulate their fees? Oh wait no, it took EU enforcement to cut down their fees and stop businesses passing them onto customers. The EU also enforced more security regulation, and more use of those by the banks themselves using these credit card processors who washed their hands of levels of security
Goretantath@lemm.ee 3 weeks ago
They are HEAVY censorers of a multitude of people. They arent regulated themselves.
sp3ctr4l@lemmy.dbzer0.com 3 weeks ago
Well, according to these industry-funded/conducted research papers, it works quite well, quite often!
Just as your current local or national politician who used to work for us, is being funded by us, and will go back to working for us if they lose their next election!
Ashtear@lemm.ee 3 weeks ago
Game content rating boards work (ESRB, PEGI, CERO, etc.). The difference here is there’s no pressure from the digital storefronts. They don’t have the same taboos on gambling that brick-and-mortar stores had on sex and violence in video games back when they started up.
prole@lemmy.blahaj.zone 3 weeks ago
Do these rating boards actually ever prevent games from being released? Aside from maybe Germany or whatever…
It’s more about categorization than regulation…