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)
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