I'm honestly having a hard time understanding the outrage about lootboxes, especially when a lot of the loudest arguments against them sound eerily similar to the old "violent games make people violent!" issue. That brought about regulation of course, but nowadays it's obvious that:
1) Those regulations (ESRB ratings) did absolutely nothing in the long run as far as violent games making their way into kids' hands, as (surprise) it's ultimately up to adults to be responsible in order for that to happen. Oh, and the industry continued to make whatever the hell it wanted to make, leading to today's largely mature-focused mainstream gaming market, which is far less kid-friendly than it was back then.
2) The effect of violent games on our youth doesn't seem to be anywhere near as bad as the vocal critics had led us to believe. So maybe cooler heads would have prevailed after all?
I just don't get how arguments against violence in video games lead to a deluge of "We have the ESRB, it's the parents' job to be aware of what their kids play!" and "Well I played violent games/watched violent movies when I was a kid, and I'm fine!" comments, yet when lootboxes are brought up, you then hear things like "Companies shouldn't be selling this stuff directly to kids!" and "You're going to turn people, and especially kids, into gambling addicts!" It's almost like the issue isn't the actual issue itself, it's the effects on the things that (primarily adult) gamers like. The outcry against violence in games could lead to less mature-focused games, so "Boooo." The outcry against lootboxes could lead to gamers getting access to content that they, fairly or unfairly, feel has been denied them, so "Yaaaaay!"
I agree that lootboxes need to be looked at and tweaked a bit, maybe even a lot, but the outcry against them has been bordering on ridiculous for a while now, and I don't think it'll have the results the detractors are hoping for...unless they're fine with ESRB Ratings-esque band-aid "regulations," and if that's the case, then a lot of people really need to calm down if that's all it'll take to satisfy them.