The relevant section is blunt. “The Software is licensed to you, not sold,” the EULA states. “You are granted a limited, non-exclusive, non-transferable, and personal license to play or use the Software for your private, non-commercial use on the system or device it was intended for.”
The terms also restrict renting, modifying, or obtaining games through unauthorised means. Nothing in there is new, technically. Sony’s EULA has always said this. The timing is what makes it land differently right now.
The EULA is not beholden to copyright law. “Limited license” is in direct contradiction to European Court of Justice’s ruling that if a commoner expects a “sale” then all rights given by a sale are protected which cannot be limited by an EULA. Right now regulators are questioning whether having a “Buy” button constitutes a sale and is thus protected by the ECJ ruling in UsedSoft vs. Oracle. Nevertheless they’re trying to combat this behaviour either through interpreting current regulations or by creating new regulations to close potential loopholes.