TikTok's use of casino-like virtual currency to allegedly exploit children faces scrutiny in DC lawsuit

Posted under: Online Security
Date: 2024-10-10
TikTok's use of casino-like virtual currency to allegedly exploit children faces scrutiny in DC lawsuit

Brian Schwalb, the attorney general for the District of Columbia, alleged that TikTok is exploiting children financially by operating an unlicensed digital currency, similar to poker chips at a casino. A bipartisan group of 13 state attorneys general, filed lawsuits against TikTok on Tuesday that claim the company misled users about the app’s detrimental effects on the mental health and well-being of children and young adults.

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