Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 66

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 1A
Chunk 66
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 regulations.
We cannot ensure that we will be able to obtain the necessary licenses or approvals or that the licensing process will not
result in delays or adversely affect our operations. Disciplinary action against a license holder in one jurisdiction could lead regulators
in other jurisdictions to pursue similar action.

  35  

We
cannot ensure that regulatory or governmental authorities will not seek to restrict our business in their jurisdictions or institute
enforcement proceedings against us. We cannot ensure that any instituted enforcement proceedings will be favorably resolved, or that
such proceedings will not have a material adverse effect on our ability to retain and renew existing licenses or to obtain new licenses.

We
plan to continually develop internal compliance programs and requirements in an effort to ensure that we comply with legal requirements
imposed in connection with our activities and generally applicable to all publicly traded companies, however, we cannot ensure that they
will prevent the violation of one or more laws in any jurisdiction in which we conduct business, which may have an adverse impact on
our business, financial condition, and results of operations.

We
plan to continually develop internal compliance programs in ongoing efforts to ensure our compliance with legal requirements imposed
in connection with our business activities and with legal requirements generally applicable to all publicly traded companies. While we
are firmly committed to full compliance with all applicable laws, and plan to continue to establish appropriate procedures and policies,
we cannot ensure that our compliance program will prevent the violation of one or more laws or regulations, or that a violation by us,
an employee, a customer, a subsidiary or an affiliate will not result in the imposition of a monetary fine or suspension or revocation
of one or more of our governmental licenses, findings of suitability, registrations, permits and approvals, which could have a material
adverse effect on us or on our results of operations, cash flow, or financial condition.

While
we are confident that we will face additional regulatory requirements as we expand, we cannot predict the effect of future regulatory
requirements to which our operations might be subject or the manner in which such requirements might be enforced. The compliance policies
and procedures we implement may not always be followed at all times by directors, management, employees, agents, partners and other related
parties, whether through neglect or intention. Our policies and procedures have not and may not effectively detect and prevent violations
of applicable laws by one or more of our directors, management, employees, agents, partners, customers, affiliates, or other related
or third parties. As a result, we or our directors,