Dec. 8 at 8:24 PM
$EBET Apple, Google, and Meta are currently facing multiple class-action lawsuits that allege they knowingly facilitated and profited from unregulated, addictive, casino-style apps by processing payments and collecting commissions.
Key points regarding the lawsuits:
Allegations: The lawsuits claim the tech companies ran an illegal racketeering conspiracy by hosting and promoting social casino apps that mimic real gambling, exploit user addictions, and cause significant financial and mental health harm, including depression and suicidal thoughts.
Profits: Plaintiffs argue the companies earned over
$2 billion in commissions (typically a 30% cut) from in-app purchases of virtual chips, which they argue are a "thing of value" under state laws, effectively making them "bookies" or "brokers".’mmmm