FTC Release: Genshin Impact Game Developer Will be Banned from Selling Lootboxes to Teens Under 16 without Parental Consent, Pay a $20 Million Fine to Settle FTC Charges

Dow Jones

02-08

Game developer Cognosphere allegedly unfairly marketed loot boxes to children that obscured real costs and misled all players about the odds of obtaining prizes

The maker of the video game Genshin Impact has agreed to pay $20 million and to block children under 16 from making in-game purchases without parental consent to settle Federal Trade Commission allegations the company violated a children's privacy law and deceived children and other users about the real costs of in-game transactions and odds of obtaining rare prizes.

View Press Release: https://www.ftc.gov/news-events/news/press-releases/2025/01/genshin-impact-game-developer-will-be-banned-selling-lootboxes-teens-under-16-without-parental

(END) Dow Jones Newswires

February 07, 2025 17:15 ET (22:15 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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