8 Total
3 High severity
5 Medium severity
0 Low severity
Summary

The Steam Subscriber Agreement establishes the terms governing access to Steam's platform, including purchase of games, software downloads, community participation, and marketplace transactions. The agreement provides that users obtain a limited license to access digital content rather than ownership, with Valve authorized to suspend or terminate access upon account termination. For US-based users, the agreement includes mandatory arbitration and class action waiver provisions that establish arbitration as the dispute resolution mechanism.

Technical / Legal Breakdown

The Steam Subscriber Agreement governs the contractual relationship between Valve Corporation (a Washington State corporation) and individuals who register a Steam account, covering access to the Steam platform, digital game licenses, in-game content, community features, hardware purchases, and user-generated content. The agreement states that subscribers receive a limited, non-exclusive, non-transferable license to use Content and Services, that Valve may modify or discontinue subscriptions at any time, and that all purchases of digital content are final with refunds governed only by the separate Steam Refund Policy. Notable provisions include a mandatory binding arbitration clause with a class action waiver applicable to US residents, Valve's reserved right to terminate accounts and revoke access to all associated digital content, and a broad intellectual property license over user-generated content that is perpetual and royalty-free; applicable law varies by geography, with Washington State law governing US users and EU consumer protection law acknowledged for European subscribers. The agreement engages GDPR for EU/EEA users (with the Valve Privacy Policy incorporated by reference), CCPA for California residents, COPPA for the under-13 age restriction, and FTC Act consumer protection standards; compliance teams should note that the arbitration and class action waiver provisions, while common in US consumer agreements, face enforceability constraints in the EU and several other jurisdictions, and the digital goods licensing model (rather than ownership) has been subject to increasing regulatory scrutiny in the EU under the Digital Content Directive.

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2 important changes detected

2 versions captured · Last updated: April 2026

What changed Steam added disclosure and expiration rules for Japanese subscribers' wallet funds. Starting April 21, 2026, any money added to a Steam Wallet by Japanese users will expire and be forfeited if not spent within six months. Steam now lets users see their wallet balance and expiration dates in their account settings.
Why this matters If you are a Japanese Steam user, any funds you add to your Steam Wallet will automatically expire and become unusable if you do not spend them within six months from the date you added them. This requirement reflects Japanese law governing prepaid accounts. You can track which funds expire when by checking your Steam Wallet in your Steam account settings.
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What changed Steam removed two sentences from its Subscriber Agreement on April 18, 2026 that previously disclosed fund expiration rules for Japanese users. The removed language stated that any Steam Wallet funds unused for six months would expire as required by Japanese law, and that users could review expiration dates in their Steam Wallet. The agreement also updated its revision date from April 20, 2026 to September 18, 2025, which represents a temporal inconsistency in the document metadata.
Why this matters The updated agreement no longer explicitly discloses that Steam Wallet funds held by Japanese users will expire six months after being added, or that expiration dates can be reviewed in the Steam Wallet. The removal of this disclosure eliminates the transparency mechanism previously available to Japanese subscribers regarding fund expiration timelines and monitoring options. Japanese law may still impose expiration requirements on stored funds regardless of contractual disclosure, but the agreement no longer notifies users of this expiration mechanism.
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High — 3 provisions
Medium — 5 provisions

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Cross-platform context

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Mapped Governance Frameworks

CCPA/CPRA
California, USA
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COPPA
United States Federal
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CFAA
United States Federal
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DMCA
United States Federal
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DSA
European Union
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FAA
United States Federal
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FTC Act Section 5
United States Federal
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GDPR
European Union
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UK GDPR
United Kingdom
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Archival ProvenanceSource & Archival Record
Last Captured April 21, 2026 06:13 UTC
Capture Method Automated scheduled archival capture
Document ID CA-D-000181
Version ID CA-V-001905
SHA-256 1daf4000720a0d5aa43acbe51e21d05747ecf3a85ef1e8d1d9e91ab745903dd6
✓ Snapshot stored ✓ Text extracted ✓ Change verified ✓ Hash verified

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