Why is the SEC investigating Roblox? Allegations explored

Roblox has a long history of getting in trouble with various authorities globally. After its recent ban in Turkey, there is news that the SEC (U.S. Securities and Exchange Commission) is investigating the gaming platform. According to a recent article by Bloomberg, SEC stated that Roblox is a part of one of their "Active Investigations."

Unfortunately, they refused to share more details since it might bring “harm to the ongoing enforcement proceeding.” Bloomberg tried reaching out to Roblox to get a comment on the situation but failed to get a response from the company. This has left people speculating on the cause of the investigation, but there are some theories surrounding the situation.

Note: Some parts of the article are speculative and based on the writer's and the community's opinion.

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Some reasons why the SEC might be investigating Roblox

As stated, the popular gaming platform has come under scrutiny numerous times in the past for various reasons. This ranges from underage gambling to threats to children's safety on the platform. The issue has been raised by common folks and concerned parents who find some of the experiences on the platform unfit for minors.

While the company has been trying to bring things under control by launching stricter rules and regulations, enforcing them completely is another story. There have been numerous instances of adults trying to reach out to minors via in-game text messages or voice chat.

Apart from the grooming allegations, numerous games on the platform blatantly use different gambling means accessible to minors. The gacha system has been noticed to be quite addictive, leading to children spending long hours in the game or even spending real money without their parent's knowledge.

Also check: Turkey bans Roblox in the country

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Community's reaction to the recent allegations

Ever since the news of the SEC's investigation came to light, the Roblox community has been sharing their thoughts about the situation. Most people are happy with the SEC's decision and want the gaming platform to either shut down or be safer for underage players.

The community points out the dangers of the platform (Image via X)

Others point out the rampant gacha and other gambling-inclined gameplay features that various experiences on the platform promote.

Various games use gacha systems (Image via X)

There have been various reports about grooming and other serious allegations about the platform in the past years.

There have been cases of grooming on the platform (Image via X)

Things will become clearer once Roblox issues an official comment or the SEC releases a statement regarding the situation.

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