Take-Two Seeks Dismissal of Virtual Currency Lawsuit, Claims In-Game Money is Not Real Property

The video game company argues that virtual currencies are 'fictions' and not owned by players, as a lawsuit over unrefunded in-game currency proceeds.

Take-Two Interactive argues that virtual currencies in its games, such as those in the NBA 2K series, are not real property owned by players but are 'fictions' created by game publishers.
The company has filed a motion to dismiss a lawsuit accusing it of 'civil theft' and unfair business practices for not refunding or allowing the transfer of in-game currency when game servers are shut down.
Take-Two's defense highlights that virtual currencies are subject to the terms of service and user agreements, which state that all purchases of virtual currency are final and non-refundable.
The lawsuit, filed by a minor and their parent, claims that Take-Two's practices are 'unfair, illegal, and greedy,' demanding refunds for unspent virtual currency.
A hearing regarding the motion to dismiss the lawsuit is scheduled for March 14, 2024.