EU Targets Game Regulation: An Opportunity for the Industry to Self-Regulate

The European Parliament's overwhelming vote to adopt a report calling for stricter regulation of video games and their business models is a significant development for the gaming industry. While many in the industry are wary of regulatory oversight, this time around, the concerns are legitimate and not driven by moral panic. The report's substance and the political context surrounding its adoption are worth examining. Regulation is likely on the way for certain aspects of the industry, but it may ultimately benefit the industry as a whole. The EU's regulatory approach to consumer protection is often strict, and the bloc is willing to force companies to change their practices if it's in the interest of consumers. The industry should focus on the advantage of having time to self-regulate and address concerns about sharp practices, rather than rejecting regulation outright. The EU's decision to demand a common charging port standard for iPhones is a testament to its willingness to enforce regulations. The industry should welcome common-sense proposals related to standardization and child protection, and demonstrate its ability to self-regulate in areas like monetization. By doing so, the industry can mitigate the risk of heavy-handed regulation and create a more sustainable future for itself.