The maker of the video game Genshin Impact has agreed to pay $20 million and to block children under 16 from making in-game purchases without parental consent,” a press relea

In press release by the FTC, the agency announced that the makers of Genshin Impact "has agreed to pay $20 million and to block children under 16 from making in-game purchases wit

The company will pay, and make changes to its disclosures

The FTC penalized the Genshin Impact developer for misleading marketing around loot boxes and breaching child privacy laws.

Genshin Impact publisher HoYoverse must pay a massive fine to the US FTC due to allegedly misleading gacha and how minors' data was handled.

The FTC and HoYoverse are reportedly near a settlement that may send money out to Genshin Impact players over loot boxes.

Genshin Impact developer Cognosphere (aka Hoyoverse) has agreed to a $20 million settlement with the U.S. Federal Trade Commission (FTC) over its gacha loot box monetization and is now banned from selling them to teens under the age of sixteen without parental consent.

Genshin Impact developer Cognosphere has agreed to pay the FTC $20m in fines for selling lootboxes to minors in a new settlement

The FTC says "Genshin Impact deceived children, teens, and other players into spending hundreds of dollars on prizes they stood little chance of winning."