virtual economy
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Online Games Act Like Unregulated Banks, And The US Gov Has Noticed
Game companies have been amassing wealth and building payment processes like banks, but don’t play by the same rules. Regulators have noticed.
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Diablo IV Freezes Trading After Dupe Trick And Gold Exploit Crash The Market
The second-hand gold and item market in Diablo IV is frozen as Blizzard investigates new item duplication glitches and gold exploits.
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By The Way, Take-Two’s CEO Profits From All Your GTA Online, NBA 2K Microtransactions
Microtransactions in games like Grand Theft Auto Online have become big business for video game publishers. And it’s likely this won’t be changing anytime soon. New details spotted in a recent contract extension for Take-Two CEO Strauss Zelnick explain that the CEO will earn a big bonus if more players spend more money buying in-game…
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Woman Steals $940,221 To Spend On Gambling Game That Never Paid Out
A woman has plead guilty to fraud charges after using her position as the accounts manager at a veterinary hospital to steal around A$940,221, which she spent entirely on a mobile gambling game that did not and could not ever pay out with real cash.