Wednesday, January 22

Tag: Children’s Online Privacy Protection Rule

Genshin Impact’s designer to pay $20 million fine to settle FTC charges

Genshin Impact’s designer to pay $20 million fine to settle FTC charges

Technology
The Federal Trade Commission revealed on Friday that Genshin Impact designer Cognosphere has actually accepted a $20 million settlement and a number of limitations on how it offers its loot boxes and handles kids's individual information. According to the FTC, the business "actively marketed" its loot boxes to kids and deceived gamers about their chances of winning rewards.Cognosphere presumably likewise "tricked kids and other users about the genuine expenses of in-game deals," by needing them to purchase virtual cash that included several currency exchanges. Gamers typically invested "numerous dollars on rewards they stood long shot of winning," according to Bureau of Consumer Protection Director Samuel Levine. For many years, loot boxes have actually been compared to a kind of legal gam...