DoubleDown Casino Settlement Payout Date
What is the DoubleDown Casino Settlement?
In February 2023, DoubleDown Casino agreed to a $12 million settlement with the Federal Trade Commission (FTC) over allegations that the company engaged in deceptive marketing practices. The FTC alleged that DoubleDown Casino misled consumers about the odds of winning real money and the amount of time it would take to earn rewards.
What are the terms of the settlement?
Under the terms of the settlement, DoubleDown Casino must:
- Stop making false or misleading claims about the odds of winning real money or the amount of time it would take to earn rewards.
- Refund all consumers who spent money on the game between January 1, 2017, and February 28, 2023, and who were unable to withdraw their winnings.
- Pay a $12 million fine to the FTC.
When will the DoubleDown Casino settlement payouts be made?
The FTC has not yet announced a specific date for the DoubleDown Casino settlement payouts. However, the agency has said that it will provide updates on the process as it progresses.
How can I get a refund for my DoubleDown Casino purchases?
To request a refund for your DoubleDown Casino purchases, you can visit the FTC’s website at www.ftc.gov/refunds. You will need to provide your name, email address, and the amount of money you spent on the game. The FTC will then review your request and send you a refund if you are eligible.
What does the DoubleDown Casino settlement mean for players?
The DoubleDown Casino settlement is a significant victory for consumers who were misled by the company’s deceptive marketing practices. The settlement will ensure that DoubleDown Casino is no longer able to make false or misleading claims about the odds of winning real money or the amount of time it would take to earn rewards. It will also provide refunds to consumers who were unable to withdraw their winnings.
The settlement is a reminder that the FTC is committed to protecting consumers from deceptive marketing practices. If you believe that you have been the victim of deceptive marketing, you can file a complaint with the FTC at www.ftc.gov/complaint.
Conclusion
The DoubleDown Casino settlement is a major win for consumers and a reminder that the FTC is committed to protecting consumers from deceptive marketing practices. If you have any questions about the settlement, you can visit the FTC’s website at www.ftc.gov/refunds.
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