Mihoyo Faces Crackdown: Loot Box Sales to Teens Halted in Landmark Gaming Regulation
In a landmark settlement, Genshin Impact's developer Cognosphere has agreed to pay a hefty $20 million fine to the Federal Trade Commission (FTC) over controversial practices involving loot boxes targeted at underage players. The substantial penalty highlights growing regulatory scrutiny of predatory monetization strategies in the video game industry.
The settlement stems from allegations that Cognosphere deliberately marketed randomized in-game purchase mechanisms to minors, potentially exploiting younger players' vulnerability to gambling-like mechanics. This landmark case underscores the increasing concern about digital spending practices that can negatively impact children and adolescents.
By imposing this significant financial penalty, the FTC sends a clear message to game developers about the importance of responsible marketing and protecting young consumers from potentially manipulative monetization strategies. The resolution serves as a critical warning to the gaming industry about the legal and ethical boundaries of in-game purchases.