They are clearly able to emulate the games based on the PS1 and PS2 games being available on the digital storefront.
Edit: Thank you all for the informative replies.
In: Technology
Several reasons. But the main ones are quite simple.
Fully emulating a console so it works with all discs would be difficult. Games they control can be modified to work (assuming they use emulation in the first place – they might be ports)
They don’t make any money from you if you use existing games.
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