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Playstudios agrees $3m settlement over social casino gambling allegations
By SectorWire desk · · Updated
Summary
Playstudios US has agreed to a $3m class action settlement over allegations that selling virtual chips breached state gambling laws. Eligible users across six US states could receive cash or virtual currency. The company denied wrongdoing and said it settled to avoid further litigation costs and risks.
Why it matters
The settlement addresses allegations that virtual chip sales breached state gambling laws, with eligible users potentially receiving compensation.