Singapore plans regulation for blind boxes over gambling risks
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Singapore is set to regulate "blind boxes" due to gambling risks associated with these mystery products. The authorities plan to standardize disclosures regarding the probability of receiving specific items. This move aims to mitigate gambling inducement risks, as the blind box trend has significantly boosted sales for companies like Pop Mart and Miniso. While the regulations are being drafted, it remains uncertain how they will impact the sales of these popular products. Singapore's approach is more stringent than that of many other countries, including China, which has also raised concerns about similar products.
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