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
Silver Price Forecast: XAG/USD falls to near $63.50 amid Fed hike bets, higher oil pricesSilver price (XAG/USD) loses its gains from the previous day, trading around $63.50 per troy ounce during Asian hours on Monday. Non-yielding Silver is currently facing significant headwinds driven by rising Federal Reserve (Fed) rate-hike expectations for the upcoming September decision.
Author  FXStreet
7 hours ago
Silver price (XAG/USD) loses its gains from the previous day, trading around $63.50 per troy ounce during Asian hours on Monday. Non-yielding Silver is currently facing significant headwinds driven by rising Federal Reserve (Fed) rate-hike expectations for the upcoming September decision.
placeholder
Fed hike odds near 90% into Wednesday's decision — how to trade the dollar, gold and the S&P 500A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.
Author  Suzie
10 hours ago
A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.
placeholder
Brent tests $108 as a key export pipeline stays shut — can the rally clear $110?Brent crude rose 2.55% to $106.97 and WTI 2.32% to $102.30 as a major regional export pipeline remained offline with no restart timeline. Front-month backwardation has widened to $5.53 from $3.84 a week ago, European gas is at its highest since December 2022, and one analyst sees $119.48 if talks stall.
Author  Irene Q.
11 hours ago
Brent crude rose 2.55% to $106.97 and WTI 2.32% to $102.30 as a major regional export pipeline remained offline with no restart timeline. Front-month backwardation has widened to $5.53 from $3.84 a week ago, European gas is at its highest since December 2022, and one analyst sees $119.48 if talks stall.
placeholder
TradingKey Daily Market Briefing: CPI Data Boosts Rate Hike Expectations, Geopolitical Risks Spark Oil Price SurgeTracking Market TrendsTradingKey - The three major U.S. stock indices rose across the board last Friday, with the Dow Jones Industrial Average rising 0.98%, the Nasdaq Composite Index gaining 0.96%, a
Author  TradingKey
16 hours ago
Tracking Market TrendsTradingKey - The three major U.S. stock indices rose across the board last Friday, with the Dow Jones Industrial Average rising 0.98%, the Nasdaq Composite Index gaining 0.96%, a
placeholder
Gold Price Forecast: PPI and Oil Prices Fuel Inflation Concerns, Can CPI Change Gold's Direction?As of the Asian session on September 11, gold prices (XAUUSD) remained in weak consolidation today after dropping sharply to near $4,300 on Thursday, with the latest price trading around
Author  TradingKey
Sep 11, Fri
As of the Asian session on September 11, gold prices (XAUUSD) remained in weak consolidation today after dropping sharply to near $4,300 on Thursday, with the latest price trading around
goTop
quote