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How will major gaming companies respond to FTC's settlement by September 30, 2025?
2
Resolution / Starting Odds
Implement similar restrictions • 25%
Announce future plans for restrictions • 25%
No changes announced • 25%
Challenge FTC's stance • 25%
Official statements from major gaming companies or industry reports
Story
Cognosphere to Pay $20 Million, Block Children Under 16 from Genshin Impact Loot Boxes Over Deceptive Costs
Jan 17, 2025, 08:46 PM
Cognosphere, the developer behind the popular video game Genshin Impact, has agreed to pay a $20 million fine to the Federal Trade Commission (FTC) to settle allegations of misleading players regarding the costs associated with in-game purchases. The FTC's investigation revealed that the company deceived children, teens, and other players into spending substantial amounts of money on loot boxes that offered minimal chances of winning desired prizes. Additionally, the settlement mandates that Cognosphere will block users under the age of 16 from making in-game purchases without parental consent, addressing concerns about the mishandling of children's data and privacy violations. The FTC emphasized the importance of protecting young consumers in the gaming industry.
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Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
No official response • 25%
Support FTC • 25%
Support PepsiCo • 25%
Remain neutral • 25%
PepsiCo denies allegations • 25%
No public response • 25%
PepsiCo changes pricing policies • 25%
PepsiCo acknowledges some wrongdoing • 25%
No response • 25%
Compliance with conditions • 25%
Legal challenge • 25%
Negotiated settlement • 25%
No • 50%
Yes • 50%
Shift focus away from China • 25%
Increase lobbying efforts • 25%
Enhance compliance measures • 25%
Other strategic actions • 25%
Other • 25%
Enhanced parental controls • 25%
New monetization strategies • 25%
Expansion into new markets • 25%