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We aimed to review recent research drawing attention to the parallels between compulsive buying and other addictive disorders. More specifically, special focus was given to common risk factors, comorbidity in compulsive buying, and shared diagnostic obstacles with other behavioral addictions. New research reaffirms that compulsive buying possesses many commonalities with both substance use disorders and other behavioral addictions. Specific personality traits, sociodemographic variables, and neurobiological vulnerabilities are understood to be risk factors for compulsive buying, as with other addictive disorders. Compulsive buying is not yet categorized as an addictive disorder despite its similarities to gambling disorder; consensus on diagnostic criteria is needed. The latest research suggests that compulsive buying should be classified as a behavioral addiction. More empirical research is required to determine universal diagnostic criteria. Concerted efforts on the treatment and prevention of compulsive buying would advance the field.