This article examines the evolving regulatory landscape governing digital payments in video games — a sector increasingly functioning as a quasi-financial marketplace. With monetization mechanisms like microtransactions, loot boxes, and in-game currencies driving billions in revenue, game developers are now facing growing scrutiny from federal and state regulators. The piece analyzes how frameworks like the Electronic Fund Transfer Act, the prohibition on Unfair, Deceptive, or Abusive Acts or
…
THIS ARTICLE IS NOT AVAILABLE FOR IP ADDRESS 45.55.58.19
<!–
Please sign in or join us
to access premium content!
–>
Please verify email or join us
to access premium content!
<!–
PYMNTS’ latest report on paycheck-to-paycheck consumers Lorem ipsum
dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et
dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut
aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse
cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in
culpa qui officia deserunt mollit anim id est laborum.
sources. Cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
62%
This is a part of the fact
This is a bold part of the fact
AS OF FEBRUARY 2023
Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium,
totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae
dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut
fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque
porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia
non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem.
This is something we want to highlight! It is an important part of a paragraph to center on the page.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Drill down a bit, and our research found that 23% of consumers
overall had side jobs, and 30% of these consumers with issues paying their bills have
embraced additional employment. The extra income runs into the billions of dollars, as seen
in the chart below, where tips and gratuities run nearly $12 billion. Informal tasks might
conceivably fall within the confines of gig economy work, too — one-off jobs that might be
found through online platforms and sites that match supply and demand, though not on a
dedicated, hourly setup.
Methodology
This is an example where you can call out text in a circle.
consumers conducted from Feb. 7 to Feb. 23,
as well as analysis of other economic data. The
Paycheck-to-Paycheck Report series expands on
existing data published by government agencies,
such as the Federal Reserve System and the Bureau
of Labor Statistics, to provide a deep look into the
core elements of American consumers’ financial
wellness: income, savings, debt and spending
choices. Our sample was balanced to match the
U.S. adult population in a set of key demographic
variables: 51% of respondents identified as female,
31% had college educations and 36% declared
incomes of more than $100,000 per year.
If paycheck-to-paycheck consumers are bringing in billions of
dollars from these side gigs, and a significant percentage of these households are
depended
on these active forms of income to help offset the monthly struggle of making ends meet,
any
turbulence in the gig economy will have negative ripple effects.
If paycheck-to-paycheck consumers are bringing in billions of
dollars from these side gigs, and a significant percentage of these households are
depended
on these active forms of income to help offset the monthly struggle of making ends meet,
any
turbulence in the gig economy will have negative ripple effects.
This is a section title H2. It should be centered!
Separate data from PYMNTS and LendingClub
show that consumers are recalibrating their spending, and reconsidering
discretionary vs. essential expenses. In a few notable examples, we’ve found that among
grocery shoppers who say they have noticed price changes, 59% have cut down on nonessential
grocery items, while 35% are buying cheaper alternatives. And, as seen here, consumers think that
restaurant prices are as much as three times higher than inflation.
This is another section title.
These are areas where it would be “low hanging” fruit to cut back
on delivery, which in turn cuts back on demand for orders across platforms such as DoorDash,
which lessens the need for drivers … you get the picture. What winds up happening is that
tip volumes, and the delivery work, itself, face headwinds. Companies such as Instacart are broadening
their business models to expand their addressable markets (in this case, to boost its
business clientele).
We note that, depending on where you look, freelance demand in
other areas is volatile, too. Fiverr’s recent results showed only slight
growth in clients hiring the talents of gig workers, though spending across that client
population is up.
CEO Micha Kaufman made note in remarks on the analyst conference
call that the macro challenges resulted in “headwinds to overall freelance demand.” All,
told, in the most recent period, Fiverr has said that active buyers (who buy gig services
from “sellers”) were 4.3 million. That was up 1% year over year, according to company
materials. There are, of course, pockets of notable growth in the gig economy.
In one example, Uber has said in its most recent results
that active mobility drivers also reached an all-time high in Q4, up 35% year on year — 5.4
million people are earning across the platform on a global basis and growth had been
continuing into 2023. CEO Dara Khosrowshahi said that 70% of drivers are coming onto
the platform to earn money to help combat inflation. PYMNTS’ gig economy app provider
rankings released just last week show that Uber has
remained the most popular app in that pantheon.
–>
发表回复