• Use of blockchain in gaming industry could show virtual prizes have value
• Games of chance that award things of value could violate gambling laws
That virtual cat you’re raising online? It may finally be worth something.
Developers of games such as CryptoKitties are embracing blockchain, the database technology behind bitcoin and other digital coins, spotlighting legal questions about whether in-game rewards and characters that are bought and traded online amount to gambling activity.
Gamers and game developers including Machine Zone Inc. have sparred over whether virtual game items, anything from cats to swords to cloaks, are “things of value” for ...
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