Self regulating industries are a myth, you can't self regulate greed and the demands of stock owners for more and more profits. Microtransactions in the form of lootboxes, or any other form of gambling, are a plague upon the world that takes advantage of the weakest among us. I'm not keen on seeing the day when thousands of peoples lives have been ruined because they couldn't control themselves and spent tens of thousands of dollars in gambling mechanics. This thing needs to be regulated like gambling and online gaming platforms, which offer lootbox services , should be consindered online casinos and be treated/taxed as such. Also they should be forced to display labels, warning players/gamblers of the dangers of gambling and no minors should be allowed to play these games which means there has to be an electronic age verification.