Singapore to regulate blind boxes to manage gambling risks: Shanmugam
Summary
Singapore is set to introduce regulations for the sale of blind boxes due to concerns about gambling-related risks. Home Affairs Minister K Shanmugam announced this in response to a parliamentary question, stating that the Ministry and the Gambling Regulatory Authority have been studying the issue. The regulations, currently being drafted, will consider mandatory and standardized disclosure of odds and probabilities for these products. Blind boxes, sealed packages containing mystery collectibles, currently fall under a class license regime, but the new regulations aim to address potential addictive behaviors and mental health concerns, particularly among young people. TOUCH Community Services highlighted the potential for compulsive behavior and anxiety linked to the 'thrill of uncertainty' and the pursuit of rare items within blind boxes.
(Source:CNA)