Geographic restrictions are usually due to licensing agreements. Whoever owns the content has sold rights to use it in different regions separately as it will allow them to get more money for it. Because of this, whoever is sharing the content is not allowed to show it in any other region than the one they have a license for.
I’ve also seen websites that don’t allow users outside specific reasons, likely due to restrictions of how different regions allow websites to use user data. For example if something is legal in the US and not in the EU, the owner of a website may decide to block people from the EU from accessing the site because the site’s use of user data would be illegal there.
Video games usually don’t have these restrictions because the industry wants maximal reach and releases the game to the widest possible audience simultaneously.
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