💨 Abstract

The video game company Cognosphere, makers of "Genshin Impact," has agreed to pay a $20 million fine and implement parental consent for in-game purchases by children under 16. The U.S. Federal Trade Commission accused Cognosphere of violating a children's privacy law by unfairly marketing loot boxes, which they claim obscured real costs and misled players about prize odds.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖