Market
What new regulations will be introduced for in-game purchases targeting children by end of 2025?
3
Resolution / Starting Odds
Federal regulations introduced • 25%
State-level regulations introduced • 25%
No new regulations • 25%
Regulations in discussion • 25%
US government announcements or major news outlets
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
New guidelines issued • 25%
Looser regulations • 25%
No change • 25%
Stricter regulations • 25%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
Restrictions on youth-targeted ads • 25%
Total ban on advertising • 25%
No new legislation • 25%
Mandatory health warnings • 25%
Content filtering and monitoring • 25%
Age verification technology • 25%
Other methods • 25%
Parental consent systems • 25%
Other • 25%
Enhanced reporting tools • 25%
Content filtering • 25%
Age verification • 25%
Data privacy aspects • 25%
Parental control issues • 25%
Free speech concerns • 25%
Other • 25%
New fines imposed • 25%
Other actions • 25%
No new actions • 25%
Stricter regulations implemented • 25%
