Official statement from Valve.
We shared with the NYAG that these types of boxes in our games are widely used, not just in video games but in the tangible world as well, where generations have grown up opening baseball card packs and blind boxes and bags, and then trading and selling the items they receive.
You’re right! We should stop that too!
They didn’t even mention the little toy vending machines where you put in a quarter and get a random toy or sticker. Those are what I always equated lootboxes to. You always get something; but it’s almost never what you’d like to get.
Gachapon machines. They’re extremely huge in Japan, hooked me young since they were always in the entrances/exits of grocery stores here in the usa.
Wow I had no idea that’s where the term gacha games came from.