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Facebook, Apple, Google ‘Gambling Conspiracy’ Lawsuits Consolidated

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Facebook gambling

Posted on: November 25, 2021, 6:35 AM.

Last updated: November 25, 2021, 10:33 AM.

A slew of lawsuits against Facebook, Apple and Google over illegal gambling have been merged into one main complaint in the U.S. District Court for the Northern District of California.

Facebook gambling
Twenty-five plaintiffs don’t like Facebook’s “dangerous partnership” with social casinos, which make up nine of the social media giant’s 12 most profitable apps. (Image: ABC News)

The combined, amended complaint now lists 25 claimants. It claims that US technology platforms have entered into “dangerous partnerships” with some of the world’s largest slot machine companies to create “an illegal gambling conspiracy” in the form of social casino products.

The “free-to-play” apps allow users to play games that resemble real casino games, but with virtual chips. These can be topped up with real money, but that cannot be withdrawn as fiat currency. Social casinos use stimulating images and behavioral cues that can create a coercive loop for the user.

unholy alliance

All claimants say they have been financially disadvantaged by this supposedly unholy alliance of social casinos and the digital platforms that host, market and process payments.

“Like slot machines in Las Vegas, social casinos are extremely profitable and highly addictive,” the lawsuit claims. “Social casinos are so lucrative because they combine the addictive aspects of traditional slot machines with the power of the platforms… to leverage big data and social network pressures to identify targets and exploit consumers prone to predictive behavior. “

Last year, consumers bought an estimated $6 billion worth of virtual chips. Of the twelve most profitable apps on Facebook, nine are social casinos.

The largest of these, DoubleDown, is expected to generate about $400 million in chip purchases this year, according to the complaint. Of this, DoubleDown will keep $240 million and $40 million will go to Rhode Island-based gaming technology company IGT, which, according to the lawsuit, licenses the intellectual property of slot machines to DoubleDown. The rest, $120 million, will go to Facebook and other platforms that host DoubleDown games, the suit claims.

Big fish for frying

There have been many cases over the past decade where social game developers and publishers have been accused of providing illegal gambling. Most have failed. That’s because the legal definition of gambling in most jurisdictions requires that something of value be risked in a game of chance, or that a future event gets something of value in return.

Since the virtual chips in a real world social casino were not considered “anything of value”, the games could not be classified as gambling.

But in March 2018, a judge in the U.S. Court of Appeals of the Ninth Circuit ruled that virtual chips did indeed have something of value and that therefore Big Fish’s social casino games constituted illegal gambling in Washington state.

The 25 plaintiffs cite this case by claiming that social casino games are also illegal in California and several other states.

They are asking the court to order the platforms to stop offering social casino games and refund the winnings. They are making claims for class action relief under the Racketeer Influenced and Corrupt Organizations (RICO) Act, California’s Unfair Competition Act, and various gambling and consumer protection laws.

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Hotel and restaurant shares in red; Indian hotels, Lemon Tree underperform

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Broker stock market crash
Broker stock crash

Hotel and restaurant stocks witnessed selling pressure today amid fears of the new Omicron variant and new travel restrictions. Karnataka and Maharashtra have issued new guidelines in response to concerns.

In response, shares of Chalet, Indian Hotels, Lemon Tree and Kamat Hotels fell between 6 and 4% respectively. While shares of Oriental Hotels, Royal Orchid, Mahindra Holiday, EIH, TajGVK, Delta Corp and Country Club fell 3.5% to 6% on the BSE.

India had announced on Friday that it would resume regular international flights from December 15 for the ‘non-risk countries’. Besides the UK, more countries such as Germany, Italy, Belgium, Netherlands and Hong Kong have discovered the B.1.1.529 Omicron variant.

The hotel industry took a major hit as the outbreak began as travel ground to a halt and countries imposed restrictions to prevent the spread.

Furthermore, restaurant stocks are also facing selling pressures, including Barbeque Nation, Coffee Day and Burger King, each of which is down more than 4%.

Meanwhile, benchmark indices recovered initial losses in a volatile session on Monday amid pressures from oil & gas, IT and metals stocks. The S&P BSE Sensex rose 361.36 points or 0.63% to 57,468.51 and the Nifty 50 index rose 91.54 points or 0.54% to 17,118.15.

On November 26, 2021, the World Health Organization designated variant B.1.1.529 as a variant of concern, called Omicron. The WHO said it is not yet clear whether Omicron is more transmissible (e.g. more easily spread from person to person) compared to other variants, including Delta. The number of people testing positive has risen in areas of South Africa affected by this variant, but epidemiological studies are underway to understand whether this is due to Omicron or other factors.

Commenting on the severity of the new variant, the WHO said it is not yet clear whether infection with Omicron causes more serious illness than infections with other variants, including Delta. However, preliminary data suggests that hospitalizations are on the rise in South Africa, but this may be due to the increasing number of people becoming infected, rather than a specific infection with Omicron.

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TS Inter 1st year result 2021 expected soon on Tsbie.cgg.gov.in

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TS Inter 1st year result 2021 expected soon on Tsbie.cgg.gov.in
TS Inter 1st year Result 2021 Expected soon;  Official website, steps to check

TS inter first year result 2021 is expected soon

New Delhi:

Telangana State Board of Intermediate Education (TSBIE) is expected to release 2021 TS interim results for first-year exams soon. Students who appeared for the TS midterm exam can check their result on the official website – tsbie.cgg.gov.in, once it is released. Students must enter their TS inter-exam roll number and date of birth to check their results.

Recommended: Know about different Careers after the 12th based on your stream. click here.

Along with the official TSBIE website, 2021 interim result will be available on unofficial websites like Manabadi and Examresults. However, students should check their results on the official portal.

By submitting details, you are registering on Careers360




TS Inter 1st Year Result 2021: Where to Check

Manabadi 2021 TS interim results for freshman exams can be viewed on the following websites:

Students checking results from private websites should also check their results from the official websites.

TS Inter 1st Year Result 2021: How to Check?

  • Go to the official website — tsbie.cgg.gov.in

  • On the appeared homepage click on the link ‘TSBIE Website’

  • Candidates will be redirected to the main website

  • Click on the designated TS first year result 2021 link

  • Enter the requested login details

  • TS inter first year result will be available on screen

  • Check and save the result

  • Make a printout for future reference

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CMA blocks Facebook takeover of GIF platform Giphy

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CMA blocks Facebook takeover of GIF platform Giphy

Facebook’s takeover of animated GIF platform Giphy will be blocked by Britain’s competition watchdog, it was reported Monday, which would mark the first time the Competition and Markets Authority (CMA) has put a brake on a Big Tech deal.

According to the Financial timesciting sources close to the matter, the CMA was preparing to roll back the deal after an investigation launched in June 2020.

Facebook’s parent company, which was recently renamed meta, agreed last May to buy Giphy in a deal reportedly worth $400 million.

The CMA had tentatively ruled in August that Meta should be forced to sell Giphy, arguing that Facebook already controlled between 40% and 50% of the UK display advertising market through its main platform and subsidiaries, including Instagram and whatsapp.

“While our investigation has raised serious competition concerns, these are tentative,” said study chairman Stuart McIntosh, at the time.

“We will now consult our findings before concluding our assessment.

“Should we conclude that the merger is detrimental to the market and social media users, we will take the necessary steps to ensure that people are protected.”

However, Meta has contested the CMA’s findings by accusing the regulator of “extraterritorial overrun” and “sending a chilling message” to entrepreneurs that they wouldn’t be able to sell start-ups.

“We disagree with the CMA’s preliminary findings, which we believe are not supported by the evidence,” Facebook said in August.

“As we have shown, this merger is in the best interest of people and businesses in the UK – and around the world – who use Giphy and our services.

“We will continue to work with the CMA to address the misconception that the deal hurts competition.”

However, the stakes were raised in October, when the CMA fined the Mets £50.5 million for a “major violation” of the requirement that Giphy be operated separately from the rest of the company for the duration of the investigation.

According to the watchdog, Meta “knowingly” refused to report compliance information to the CMA, leading to the largest-ever fine for such a violation.

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