Should people under the age of 16 be banned from video games? Why or why not?

This question is inspired by the Australian law that bans people under the age of 16 from social media. But then when I though about it, couldn't the same argument be made for video games? I mean there are kids just waste their time on video games and not do any of their school assignments.

This purpose of post isn't me arguing for or against the Australian law or any hypothetical law about a similar ban on video games, I just want to see Lemmy's opinions on video games compared to social media. To me they seem like both have valid arguments of being harmful.

Edit: Added "Why or why not?" to the question.