The use and legal status of virtual goods and currency

It’s conference season right now, so guess what? I have more slides for you!  Last month I spoke at Social Gaming 2012, a conference bringing together the gambling industry and a few select figures from the interactive entertainment industry…including me.  I was asked to give a presentation on the use and legal status of virtual… Continue reading The use and legal status of virtual goods and currency

The second virtual goods crime: is Runescape theft, theft?

The Dutch Supreme Court will be invited later this year to conclude that the theft of virtual goods from Runescape constitutes theft under Dutch criminal law; indications to date suggest that it may conclude that theft of virtual currency/goods IS criminal theft.  To my knowledge, this is only the second time that a Western court has… Continue reading The second virtual goods crime: is Runescape theft, theft?

Gold farmer turns WoW gold into real gold, loses it, sues

An Australian woman is suing her insurer over the theft of 74 bars of real gold bullion worth $74,549, which she bought using profits made from gold farming in World of Warcraft. Adelaide Now reports that Kristina Fincham was a (clearly successful) gold farmer in WoW who sold in-game gold to players in return for… Continue reading Gold farmer turns WoW gold into real gold, loses it, sues

The first virtual currency crime: hacker jailed after $12m Zynga theft

Last week a hacker faced a substantial prison sentence after pleading guilty to stealing approxmately $12 million worth of Zynga chips, a virtual currency used in its poker game.  This is big stuff (more on that below). I spoke with Develop about this fascinating development – here’s their article: “An IT businessman is facing a… Continue reading The first virtual currency crime: hacker jailed after $12m Zynga theft

"The goal is to make Facebook Credits into an international virtual currency"

Here’s that quote again: “The goal is to make Facebook Credits into an international virtual currency”.  The quote comes from a VentureBeat article summarising a talk from Facebook’s Deborah Liu at the Virtual Goods Summit in San Francisco, in which she discussed Facebook teaming up with virtual currency services provider Playspan in order to ramp up… Continue reading "The goal is to make Facebook Credits into an international virtual currency"