[Consultation] Legal consultation regarding the gambling nature of fantasy game services.

Law firm Veat received a request from game developer A to provide legal advice regarding the fantasy game newly planned for release by A, specifically concerning the standards for gambling-like game content.

Fantasy Game (Fantasy Sports) is a game genre in which users create virtual teams based on the names and records of real-life athletes and conduct sports games. While more prevalent in foreign markets, it was officially introduced to Korea in 2016 and has since gained a considerable following.

Law firm Veat thoroughly reviewed relevant laws and regulations, including the Penal Code, the Special Act on Regulation and Punishment of Gambling-like Acts (“Gambling Regulation Act”), and the Act on Promotion of Game Industry (“Game Industry Act”), as well as case examples of game ratings and precedents related to standards for gambling-like game content by the Game Management Committee, to provide comprehensive legal advice regarding the gambling-like game content standards for this game.

Law firm Veat possesses extensive experience as legal advisors and consultants for numerous game companies, including expertise in gambling-like game content standards and game service terms and conditions reviews. If you require expert advice regarding game service provision beyond gambling-like game content standards, please contact Law firm Veat.

Thank you.

Law firm Veat