There’s actually no speculation on this one. There’s a fight going on led by Ross Scott of Accursed Farms against shutting down game servers when game requires always online access. Basically lawyers have checked the law in this instance and in USA terms and conditions are GOD. You accepted it and you live with it. Here’s the video. I recommend watching that section of video.
Microsoft is, you have noticed, not from UK. Although I wonder how that will play out. They did move around their company for tax evasion. I think latest was Ireland, then again I think they were smart enough for money to go one side and software to be released by other. It’s a complex matter. EU has been able to reign them in somewhat with stupidly high punishments with GDPR. Then again, you are no longer part of that.