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Story summary
- Valve plans to contest a lawsuit filed by New York Attorney General Letitia James accusing illegal gambling through loot boxes.
- Valve argues loot boxes resemble real-world collectibles and do not require opening to enjoy games.
- Valve opposes proposed regulations such as non-transferable items and stricter age verification.
- The lawsuit highlights the economic value of in-game items, potentially complicating Valve's defense.
