FTC Imposes $20 Million Fine on Cognosphere for Misleading Loot Box Practices
The Federal Trade Commission (FTC) has fined Cognosphere, the publisher behind popular games like Genshin Impact, $20 million. The penalty comes as a result of allegations that the company misled users,
Genshin Impact Publisher Hit With $20M FTC Fine for Marketing Loot Boxes to Children
The Federal Trade Commission (FTC) announced that companies misleading players about the “true cost of in-game transactions” will be “held accountable.”
FTC says Genshin Impact 'deceived children' and orders its publisher to pay a $20 million fine and stop selling loot boxes to kids
The FTC says "Genshin Impact deceived children, teens, and other players into spending hundreds of dollars on prizes they stood little chance of winning."
FTC Alleges That HoYoverse “Deceived” Genshin Impact Players With Loot Boxes, Settlement Reached With $20 Million Fine
The FTC alleged that Genshin Impact "deceived" players with loot boxes, distributed Cognosphere and HoYoverse accept settlement with $20 million fine.
US fines Genshin Impact game developer miHoYo $20m for alleged deceptive marketing and child privacy violations
Cognosphere, the US subsidiary of Genshin Impact developer miHoYo, agreed to a $20 million settlement over allegations of "deceptive marketing" in the game’s gacha system and violations of child privacy laws.
Genshin Impact fined $20 million by FTC for scamming children with loot boxes
Genshin Impact uses loot boxes to promote in-game purchases and the financial implications were allegedly dangerous for children and teenagers. In a complaint to the FTC, the US DoJ alleged rampant use of misleading and unfair tactics.
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FTC Penalizes Genshin Impact For “Deceiving Children” With $ 20 Million Fine, Monetization To Change
“Genshin Impact deceived children, teens, and other players into spending hundreds of dollars on prizes they stood little ...
Genshin Impact’s developer to pay $20 million fine to settle FTC charges
The Federal Trade Commission announced on Friday that Genshin Impact developer Cognosphere has agreed to a $20 million ...
FTC fines HoYoverse over Genshin Impact’s gacha mechanics
The maker of the video game Genshin Impact has agreed to pay $20 million and to block children under 16 from making in-game ...
Push Square3d
Genshin Impact Maker to Pay $20 Million FTC Fine Over Gacha System
Genshin Impact maker Cognosphere – which conducts business as HoYoverse – has agreed to pay a $20 million fine to the Federal ...
‘Genshin Impact’ Must Pay $20 Million For Misleading Players About Gacha Spending
Genshin Impact remains one of the most popular gacha games in the world, constantly adding new regions and characters, but ...
Rock Paper Shotgun6d
Genshin Impact maker will pay a $20 million fine to settle FTC charges that allege they misled players about lootbox odds
The allegation that Genshin Impact misleads children about the odds of winning "Five-Star Prizes" in part relates to the ...
JD Supra11d
FTC Secures Record-Breaking Gun-Jumping Fine, Opines on Buyer’s Right to Approve Transactions and Lack of Diligence Controls
FTC viewed the seller as complicit ... and Integration Planning These fines serve as significant warning and reminder of the importance of complying with the HSR Act’s waiting period requirements.
Hoyoverse is facing a $20M fine over its loot box mechanics
HoYoverse, publisher of the popular gacha game Genshin Impact, has agreed to pay a $20 million fine and change its marketing ...