Playstudios

Social casino games developer Playstudios has resolved a class action lawsuit related to its sale of virtual chips in its free-to-play casino games. The case is part of a wider legal scrutiny of social casino operators, who face claims that selling virtual chips that cannot be redeemed for real money constitutes illegal gambling in some jurisdictions. Terms of the settlement were not disclosed in initial reports.

Mobile game company Playstudios has agreed to pay $3 million to settle a lawsuit over virtual chips sold in its social casino games. The case centered on whether players who bought virtual chips for playmoney casino-style games were effectively wagering real money. The settlement resolves claims without an admission of wrongdoing, and comes as US regulators and courts increasingly scrutinize social casino products that sell virtual currency.