Skip to content

Brought to you by

Dentons logo

Tech Law Talks

The latest trends and developments in tech law to help you grow, protect, operate and finance your business.

open menu close menu

Tech Law Talks

  • Home
  • About us
  • Topics
    • AML/ KYC
    • Consumer Finance
    • Corporate
    • Crypto/Blockchain
    • Insurtech
    • Privacy
    • Payments
    • Securities

Video game microtransactions: Unregulated in Canada (so far)

By Josh Dial and Changhai Zhu
June 30, 2022
  • General
Share on Facebook Share on Twitter Share via email Share on LinkedIn

Video games have cemented themselves as one of the world’s preeminent personal pastimes, with interest spanning generations. A 2021 report estimated the video game industry value exceeded US$300 billion,[1] and that value has been projected to reach US$435 billion by 2028 (or earlier).[2]

The video game industry is an ever-evolving ecosystem, providing entertainment for more than just the player. Through various platforms, gamers “stream” themselves playing games to a sometimes massive audience for hours each day. Professional video game players can garner millions of viewers, and in some cases their effective compensation (through salaries, endorsements, and ad revenue) is comparable to that of professional athletes. Hence the recent addition of the neologism “e-sports athlete” to our lexicon. Each year, more and more people turn gaming into their full-time job.

As our lives move more online, we are increasingly likely to find ourselves in this thriving ecosystem. For example, popular video games have spawned movies, TV shows, books, toys, clothing, and even food.

Read more here.


[1] https://www.accenture.com/us-en/insights/software-platforms/gaming-the-next-super-platform?c=acn_glb_thenewgamingexpbusinesswire_12160747&n=mrl_0421

[2] https://www.bloomberg.com/press-releases/2022-02-14/gaming-market-size-worth-usd-435-billion-by-2028-cagr-12-1-zion-market-research

Share on Facebook Share on Twitter Share via email Share on LinkedIn
Subscribe and stay updated
Receive our latest blog posts by email.
Stay in Touch
Josh Dial

About Josh Dial

Josh Dial is a partner in our Litigation and Dispute Resolution group. Josh has experience in a broad range of litigation matters, including commercial real estate, intellectual property, complex oil and gas contract disputes, construction, insurance, and employment. Josh has appeared in provincial court and the Court of Queen’s Bench and is also experienced in mediations and arbitrations.

All posts

Changhai Zhu

About Changhai Zhu

Changhai is an associate in the Litigation and Dispute Resolution practice group of the Dentons' Calgary office. His experience includes appearances before the Alberta Court of Queen's Bench as well as the Provincial Court of Alberta. Changhai has also produced written submissions filed for both trials and appeals at the Alberta Court of Queen's Bench and the Alberta Court of Appeal.

All posts Full bio

RELATED POSTS

  • AML/ KYC
  • General
  • Payments

Amendments to the PCMLTFA Regulations Declared in Force

By Tracy Molino and Noah Walters
  • Corporate
  • Fintech
  • General

Top 5 regulatory questions a company should ask before doing business in Canada

By Tracy Molino and Noah Walters
  • General

International Report on Blockchain Privacy Law

By Noah Walters, Chloe Snider, and Luca Lucarini

About Dentons

Dentons is designed to be different. As the world’s largest law firm with 20,000 professionals in over 200 locations in more than 80 countries, we can help you grow, protect, operate and finance your business. Our polycentric and purpose-driven approach, together with our commitment to inclusion, diversity, equity and ESG, ensures we challenge the status quo to stay focused on what matters most to you. www.dentons.com

Dentons boilerplate image

Twitter

Topics

  • AML/ KYC
  • Consumer Finance
  • Corporate
  • Crypto/Blockchain
  • Fintech
  • General
  • Insurtech
  • Payments
  • Privacy
  • Securities

Subscribe and stay updated

Receive our latest blog posts by email.

Stay in Touch

© 2023 Dentons

  • Legal notices
  • Privacy policy
  • Terms of use
  • Cookies on this site