Part two seems to fit
gam·ble
[ˈɡambəl]
VERB
gambling (present participle)
play games of chance for money; bet:
"she was fond of gambling on cards and horses"
synonyms: bet · [more]
bet (a sum of money) on a game of chance:
"he was gambling every penny he had on the spin of a wheel"
take risky action in the hope of a desired result:
"the British could only gamble that something would turn up"
synonyms: take a chance · take a risk · stick one's neck out · go out on a limb
But I am guessing that you are referring to some legal definition that I am not aware of. But I do still wonder, if something is no longer gambling if you are guaranteed to get something, could you really do what I mentioned above with a slot machine? Not trying to be facetious. I just wonder where they draw the line.
I do agree that loot boxes in games need to have the odds clear listed.
Yeah I mean a legal definition as opposed to a dictionary one. I was listening to a discussion about it and a huge challenge seemed to hang around that you are guaranteed something, just not what you want, and therefore it can’t be a game of chance. Or something like that.