Google Approves NFT Gaming Ads, Cracks Down on Gambling

Published 07/09/2023, 13:06
Updated 07/09/2023, 13:15
Google Approves NFT Gaming Ads, Cracks Down on Gambling
GOOGL
-
GOOG
-

  • Google updated its advertisement policy to allow blockchain-based gaming ads after the initial ban in 2018.
  • The company requires the advertisements to comply with specific requirements and local laws.
  • Advertisements promoting NFT gambling are required to comply with a different set of rules.

Google has revised its advertisement policies to allow blockchain-based games that offer NFTs to run ads services while complying with certain rules. Per the announcement, the policy update is expected to take effect from September 15, 2023, five years after the initial ban in 2018.

Under the new regulation, blockchain-based games that offer non-gambling gaming services can advertise their games through the platform. In particular, the policy updates greenlight games that allow players to purchase in-game items that otherwise qualify as tradable NFTs.

However, the advertisement approval doesn’t extend to games offering NFT gambling or promoting gambling-related content. Instead, the company requires such games to comply with its gambling and games policy and receive a Google Ads certification.

Furthermore, Google said it expects all companies to comply with the local laws applicable where they are based. Likewise, they are also to abide by the laws of the countries where their ads targets are located.

However, the company warned that a violation of its rules would lead to a suspension. As stated in the announcement, games that do not abide by the advertisement rules risk a suspension. But before then, the company said it would issue a warning of 7 days before any suspension.

This policy update by Google suggests a growing acceptance of NFT games. Since their introduction, NFT games have soared in popularity, even in the traditional world. Unlike Web2 games, NFT games allow users to own in-game assets and trade them as NFTs on marketplaces.

The post Google Approves NFT Gaming Ads, Cracks Down on Gambling appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.