Nintendo, Sony, and Microsoft have announced an initiative that will require publishers to disclose drop rate odds for all games that include loot boxes to get them released on consoles.
The new measures were initially announced earlier today by the Entertainment Software Association’s chief counsel of tech policy Michael Warnecke (as reported by GamesIndustry.biz), during a Federal Trade Commission workshop intended to “examine consumer protection issues related to video game loot boxes”.
Since then, the ESA (which represents the video games industry in the US) has released a full statement on the matter, confirming that Nintendo, Microsoft, and Sony “will require paid loot boxes in games developed for their platforms to disclose information on the relative rarity or probability of obtaining randomised virtual items.”
Source: Eurogamer Microsoft, Sony, Nintendo won't allow loot boxes on consoles unless publishers disclose drop rates