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Fintech

2021.10.14

Examination on Entertainment Applications With Regards to Gambling Regulations

Cha & Kwon provided legal opinion to a block-chain platform application. The company provided tokens to users after they scan the QR codes of receipts or watch ads. Our client inquired if the application had gambling characteristics that violate relevant laws. 

 

Many entertainment applications utilize mini-games that provide points or giveaways or lot-drawing events, but such applications may fall under the Criminal Law, Act on Special Cases Concerned with Regulation and Punishment of Speculation, or the Act on Promotion of Game Industry. Thus, careful examinations are needed in terms of their specific process, participation route, or payment methods to make sure entertainment applications do not fall under the regulations. 

 

After carefully analyzing the conditions that define 'gambling' and relevant laws, Cha & Kwon provided legal opinion on the issue.