> Government regulation is not a good substitute for parenting.
I don't get this attitude. You seem to agree that loot boxes are a rather stupid idea born out of oversized companies using psychological tricks to make money.
Given that, there is simply no cost to the government banning this practice. Requiring, instead, every single parent to learn about the myriad ways companies may come up with to exploit their children seems wasteful at best. But of course not every single parent would be able to avoid every single trap, so this stance really is just about accepting some number of people to be the pray of corporations.
This sort of argument is surprisingly common: toxic food additives, usury credit card or insurance rates ... literally any scam ever invented: you'll find people arguing it's the victims' fault for not being experts in toxicology or investment.