✉news TechnologySemiconductors first seen 14 h ago, last 11 h ago, peak #31
Playstudios to pay $3 million to settle social casino lawsuit
Original: Playstudios to shell out $3M to settle social casino virtual chips lawsuit
Mobile game company Playstudios has agreed to pay $3 million to settle a lawsuit over virtual chips sold in its social casino games. The case centered on whether players who bought virtual chips for playmoney casino-style games were effectively wagering real money. The settlement resolves claims without an admission of wrongdoing, and comes as US regulators and courts increasingly scrutinize social casino products that sell virtual currency.
Why now: News of the $3 million settlement has just been announced, drawing attention to the legal risks of social casino games.
Evidence
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