Teenager spends $25,000 on Monopoly GO in micro transaction accident

Source Cryptopolitan

A 17-year-old allegedly spent $25,000 on micro-transactions in the Monopoly GO in-app purchases section. These transactions allow users to unlock rewards and level up faster, and many users have been known to spend high amounts on these achievements. 

This teenager is not the first to spend a big chunk of money on Monopoly GO. Previously, another user also reported spending $1,000 on the game before removing it. However, even that case is only a small fraction of what this teenager spent recently on the free-to-play game, as discovered by the parents.

Deleted Reddit comment of a parent complaining about their child's Monopoly Go in-app spending
Deleted Reddit comment of a parent complaining about their child’s Monopoly GO in-app spending. Source: Reddit

In a deleted Reddit post, the parent of a 17-year-old shared that their daughter had spent $25,000 without consent on over 368 purchases in Monopoly GO through the App Store. The parent seemed concerned and looking to find “who to write to” and was hoping for a return.

The comment section didn’t bring any good news for the parents, as Monopoly GO’s terms and conditions hold the user responsible for any payment made, whether intentional or not.

Monopoly GO and other games raise revenue through micro-transactions

Free-to-play games can earn profit through small transactions. According to AppMagic data, Pokemon TCG Pocket also made revenue of $208 million in its launch month.

Player spending on Pokemon TCG Pocket between October 30 and November 26.
Player spending on Pokemon TCG Pocket between October 30 and November 26. Source: PocketGamer

Back in 2023, an NBA 2K player also filed a lawsuit against Take-Two Interactive for its microtransaction strategy.

The recent Monopoly GO case by the teenager won’t reach any positive conclusion, especially one that the parent receives any returns on the unauthorized transactions. However, it does raise concerns about the nature of in-app spending, especially in games that underaged players can access.

It’s not difficult to understand why the gaming industry prefers this model, as it generates high revenues for the publishers.

For example, Diablo 4 brought in 150 million from player micro-transactions. The information is publicly shared in the LinkedIn profile of the game’s Senior Product Manager. He detailed his work on Diablo 4 monetization, which includes bundles and discounts that reportedly brought in $150 million.

It also works because players tend to consent to smaller payments more easily, which eventually becomes a regular expense.

Still, gamers consider micro-transactions within apps misleading and often criticize them.

From Zero to Web3 Pro: Your 90-Day Career Launch Plan

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Geopolitical Premium Strikes Back. Hormuz Strait Reopening Faces Changes, Bitcoin Barely Holds 70,000 Psychological LevelMiddle East tensions escalate ahead of negotiations, causing Bitcoin to pull back after a surge, with $70,000 becoming the watershed between bulls and bears.On April 9, unexpected develop
Author  TradingKey
10 hours ago
Middle East tensions escalate ahead of negotiations, causing Bitcoin to pull back after a surge, with $70,000 becoming the watershed between bulls and bears.On April 9, unexpected develop
placeholder
Strait of Hormuz Closes Again, When Will Global Energy Supply See Light Again?The outlook for navigation through the Strait of Hormuz remains clouded by uncertainty, as the newly reached ceasefire agreement has failed to bring stability to this global energy choke
Author  TradingKey
10 hours ago
The outlook for navigation through the Strait of Hormuz remains clouded by uncertainty, as the newly reached ceasefire agreement has failed to bring stability to this global energy choke
placeholder
Gold edges lower below $4,750 amid fragile Middle East ceasefire Gold price (XAU/USD) trades in negative territory around $4,705 during the early Asian session on Thursday. The precious metal edges lower amid a temporary two-week ceasefire between the US and Iran.   
Author  FXStreet
10 hours ago
Gold price (XAU/USD) trades in negative territory around $4,705 during the early Asian session on Thursday. The precious metal edges lower amid a temporary two-week ceasefire between the US and Iran.   
placeholder
Gold remains depressed as skepticism over US-Iran truce supports USDGold (XAU/USD) once again shows some resilience below the $4,700 mark during the Asian session on Thursday, and for now, seems to have stalled the previous day's retracement slide from a three-week high.
Author  FXStreet
13 hours ago
Gold (XAU/USD) once again shows some resilience below the $4,700 mark during the Asian session on Thursday, and for now, seems to have stalled the previous day's retracement slide from a three-week high.
placeholder
U.S.-Iran Ceasefire. Bitcoin Surges Past $72,000, 80,000 Within Reach?The U.S.-Iran ceasefire agreement triggered a surge in Bitcoin of over 4%, with the Islamabad negotiations starting this Friday serving as a key driver for further gains.On April 8, a bri
Author  TradingKey
Yesterday 10: 12
The U.S.-Iran ceasefire agreement triggered a surge in Bitcoin of over 4%, with the Islamabad negotiations starting this Friday serving as a key driver for further gains.On April 8, a bri
goTop
quote