I'm a big fan of the Warhammer fantasy setting. However, to quote Anita Sarkeesian, "Remember that it's both possible and even necessary to simultaneously enjoy media while being critical of its more problematic or pernicious aspects."

To people who aren't aware of Warhammer fantasy setting, it's a nice mix of Tolkienian fantasy (elves, dwarves, etc) with a good amount of trope-busting and genre-defying aspects, and of course a bit of grimdark (it is Games Workshop after all.) It typically doesn't take itself too seriously.

The "good" factions are rough analogues to medieval Europe. Bretonnia is France, the Empire is the Holy Roman Empire, Kieslev is Russia, etc. There are a few human factions that aren't European, for example Araby (can you guess by the name what they represent), which uses tired orientalist aspects such as flying carpets and genies that prove Westerners don't care about Middle Eastern analogues outside of Aladdin. There are further factions such as Nippon (again, very creative name) that don't even get miniatures, only references in the lore.

But the real question is, where are the people of color? Where are their analogues? Well, they're represented by literal monsters.

First, you have the Orcs, which most people are familiar with. In Warhammer they are killing machines who only care about battle, and are nearly mindless. And in one of the most racist depictions I have seen in gaming, they are clear analogues to stereotypical Western African shamanism. Just check this out. This isn't okay.

What other non-European analogues do we have? Lets see, there's the Tomb Kings, analogues to Egypt. They are, of course, the undead. Then there are the Lizardmen, who are clearly based on native South American civilizations such as the Aztecs. That's about it.

To recap, according to Warhammer, the good guys are white. Non-whites are either literal monsters or just huge stereotypes.