Saturday November 1st brought with it a full enforcement of the the Lab’s updated Skill Gaming Policy, as the last had previously notified would be the case.
As I reported at the time, an immediate casualty of the enforcement was Skip Oceanlane’s Capital Exchange (CapEx). Although described as a fictional stock market simulation game which does not offer any opportunity for direct real-world investment or profit, CapEx does operate on what amounts to a “pay to play basis” through the trading of L$-valued “securities” in the SL-based companies listed with the exchange, and thus appeared to fall under the remit of the Skill Gaming Policy.
This being the case, Skip had placed an application for CapEx to become a Skill Gaming activity with the Lab in July 2014, just after the announcement of the new policy. However, by November 1st, the application had yet to be approved, prompting CapEx to suspend market activities (although ATMs remain open for L$ withdrawals) pending further feedback from the Lab on the matter.
Following this, on November 11th, 2014, Skip indicated that the Lab’s attorney was in contact with his attorney on the matter, and further questions had been asked. By December 4th, both parties were still working on the matter, and on December 12th, Skip provided a further update, indicating that there are three issues of concern that require resolution in order for progress to be made. In the post, Skip comments in part:
I’m not going to get into detail of what those 3 issues are, but I’ll restate what my attorney told me.
One issue is easy, another issue is not so easy, and one issue is difficult that will require a detailed response. After talking with my attorney, it was decided that we would meet again after he sends me information requested by the Linden Lab attorney. I am going to come up with a detailed response to each area of concern, and my attorney’s law firm will put it into “Legalese” as a response to Linden Lab.
It had been hoped these responses would be put to the Lab prior to the Christmas break, but whether this was achieved or not is unclear, as there have been no further updates. However, at the time the last blog post appears, Skip was hopeful a resolution could be reached in early 2015, which the Lab also appears to be keen to achieve.
This doesn’t automatically mean that CapEx will be able to resume trading; it is still unclear as to which way the Lab’s final decision will lean. But as Skip does note, at least progress is being made, and both sides are working to resolve matters such that informed decisions can be reached.
- Another Skill Gaming Application Update – Capital Exchange
- December Update – Skill Gaming Application – Capital Exchange
- Linden Lab Counsel Finally Contacts CapEx Counsel – Capital Exchange
- Capital Exchange Suspends Activity Until Further Notice – Capital Exchange
- Capital Exchange website
- Linden Lab Official: Second Life Skill Gaming Policy – Linden Lab
- Skill Gaming coverage in this blog