Social casino operator Playstudios has agreed to a $3 million class action settlement that resolves allegations its virtual-chip sales violated gambling laws in six states. The agreement affects players in Alabama, Ohio, New Jersey, Massachusetts, Tennessee and Kentucky who spent money on virtual chips in several Playstudios-operated casino-style games.
The settlement stems from litigation filed in Alabama that challenged the legality of virtual currency sold within the company’s social casino portfolio. While Playstudios has denied wrongdoing, the company agreed to settle the lawsuit and avoid the costs and uncertainties associated with continued legal proceedings.
