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Associated Press News

Associated Press News

MrBeast's show includes $4.2M giveaway with app critics say may trap other borrowers with high fees

Associated Press News
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YouTube megastar Jimmy Donaldson's new reality show features a $4.2 million sweepstakes run by fintech company MoneyLion .

MrBeast hopes the show will expand his giant online reach and turn the corner on recent controversies.

Watchdogs say MoneyLions ' early payments operate as payday loans that could trap needy users in earnings-depleting borrowing cycles.

MoneyLion says it pairs financial tools and products to support “long-term financial health and stability” The company said it will “continue to collaborate with regulatory bodies” including the CFPB .

The Beast Games Giveaway is designed exclusively for an 18+ audience, a spokesperson said.