Playstudios agrees to $3m settlement over virtual-chip claims in six US states
Playstudios agreed to a $3m settlement of claims over virtual-chip purchases in its social casino games across Alabama, Ohio, New Jersey, Massachusetts, Tennessee and Kentucky. The company denied the allegations and admitted no liability; eligible players can receive virtual currency worth 27% of qualifying spend or elect cash of up to 23%, subject to reductions if cash elections exceed 17% of the fund.
The settlement sets compensation options for eligible players while leaving the wider legal status of paid virtual chips unresolved.