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Valve speaks out about New York loot box lawsuit in rare attempt at damage control, saying ‘it would have been bad for users and other game developers’ to preempt situation

Valve has publicly addressed the lawsuit filed by the New York Attorney General regarding loot boxes, describing them as gambling. The company stated that the AG's proposed changes to its business operations would have negatively impacted users and developers on Steam, affecting privacy and the ability to trade in-game items.

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