Loot boxes in games are gambling and should be banned for kids, say UK MPs

UK MPs have called for the government to regulate the games industry’s use of loot boxes under current gambling legislation — urging a blanket ban on the sale of loot boxes to players who are children. Kids should instead be able to earn in-game credits to unlock look boxes, MPs have suggested in a recommendation that won’t be music to the games industry’s ears. Loot boxes refer to virtual items in games that can be bought with real-world money and do not reveal their contents in advance. The MPs argue the mechanic should be considered games of chance played for money’s worth and regulated by the UK Gambling Act. The Department for Digital, Culture, Media and Sport’s (DCMS) parliamentary committee …

The Ruler of Dubai Condemns His Runaway Wife, Princess Haya, on Instagramin a Poem

Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Princess Haya bint Al Hussein, the daughter of the late King of Jordan and sister of the present king, secretly fled to Europe with their son Zayed, 7, and daughter Al Jalila, 11. Haya is believed to have initially sought asylum in Germany, and sources say her application has been approved in principle. However, she is also said to be seeking sanctuary in the U.K., with sources telling The Daily Beast her preference is to live in London, where she is currently said to be residing at a secret location. The flight of Haya will inevitably draw comparisons with the worlds biggest and most powerful horse breeding and racingconglomerate), the verse …

Fitness startup Mirror nears $300M valuation with fresh funding

Today, Peloton is a bonafide success. The company, which sells $2,245 internet-connected exercise bikes, boasts a $4 billion valuation and a cult following. That hasn’t always been the case. For years, Peloton battled for venture capital investment and struggled to attract buyers. Now that it’s proven the market for tech-enabled home exercise equipment and affiliated subscription products, a whole bunch of startups are chasing down the same customer segment. Mirror, a New York-based company that sells $1,495 full-length mirrors that double as interactive home gyms, is closing in a round of funding expected to reach $36 million, sources and Delaware stock filings confirm, at a valuation just under $300 million. It’s unclear who has signed on to lead the round; …