ARTICLE
17 January 2023

Loot Box Mechanics: The State Of The Turkish Gaming Regulatory Framework

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Norton Rose Fulbright

Contributor

Norton Rose Fulbright provides a full scope of legal services to the world’s preeminent corporations and financial institutions. The global law firm has more than 3,000 lawyers advising clients across more than 50 locations worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg, covering Europe, the United States, Canada, Latin America, Asia, Australia, Africa and the Middle East. With its global business principles of quality, unity and integrity, Norton Rose Fulbright is recognized for its client service in key industries, including financial institutions; energy, infrastructure and resources; technology; transport; life sciences and healthcare; and consumer markets.

The gaming industry's annual global revenue is expected to surpass the US$200bn mark for the first time ever in 2022.
Turkey Media, Telecoms, IT, Entertainment

The gaming industry's annual global revenue is expected to surpass the US$200bn mark for the first time ever in 2022. Despite its size and rapid growth, commercialization of gaming is a relatively new phenomenon, which can be traced back to arcade and console games, popularized after the 1970s.

The commercial potential of the gaming industry was not truly unlocked until the advent and widespread use of mobile devices. Add to that the popularization of credit card use, enabled by decreasing processing fees, which resulted in a business model built on "microtransactions" – a model that has reshaped the gaming industry in the 2010s, a decade some have described as the "gaming boom."

Turkey was at the forefront of the gaming boom, both as a producer and consumer. In recent years, hundreds of new gaming start-ups have been founded, some having reached multi-billion dollar valuations. The rapid growth of the Turkish gaming market has witnessed simultaneous efforts to regulate the industry. As a result, questions arise as to whether and to what extent the industry, including and especially gaming mechanics such as loot boxes, is subject to Turkish laws and regulations.

Read more here.

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