FTC Nears Settlement Over ‘Loot Boxes’ in Popular Video Game (1)

The US Federal Trade Commission is preparing to settle with the company behind the popular video game Genshin Impact over concerns that the money-making mechanics of the game were deceptive, according to people with knowledge of the matter.

Some players who paid for the chance to win digital items in the game could be reimbursed as part of the deal, said the people, who asked not to be identified discussing a confidential matter. Details of the agreement, which could be announced as soon as this week, weren’t immediately available.

FTC consumer protection officials have been investigating Genshin Impact and ...