The fact that there's even a single country on the planet that hasn't outright criminalized making it possible for a single kid to buy a single loot box is obscene. It's very obviously gambling and very obviously designed to make kids gambling addicts.
It should be a felony count per child exposed for the CEO.
I would agree if it was about genuine game mechanics or story or things like that. But lootboxes aren't designed for fun. They're designed to exploit vulnerable people for maximum profit, and trick others into giving those vulnerable people an incentive to spend away their life savings on thinly-veiled gambling for virtual prizes.
We have much to gain from lootboxes (at least in their current state) being removed from the equation entirely.
Maybe if they weren't being so greedy and exploitative that even the fucking Tory government felt the need to reel them in then they'd have been alright. They delved too deep and too greedily and have awoken the balrog. Or, as the kids might say, they fucked around and now are finding out.
By that fucking standard literally every single thing the government could ever possibly do is automatically justified because, in your words, "[the victim] delved too deep".