Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 58

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 1A
Chunk 58
---
 immutable ledger. The distributed ledger was append-only and kept a complete record of
all changes to the provided data that could not be deleted, modified, or overwritten. Distributed ledger technology is a relatively new,
evolving technology. Accordingly, the further development and future viability of this technology is generally undetermined with practical
and ideological challenges which may affect its further development or integration into our Platform.

Regulatory
and Compliance Risks

A
jurisdiction may enact, amend, or reinterpret laws and regulations governing our operations in ways that impair our revenues, cause us
to incur additional legal and compliance costs and other operating expenses, or are otherwise not favorable to our existing operations
or planned growth, all of which may have a material adverse effect on us or our results of operations, cash flow, or financial condition.

State
and federal laws in the U. S. govern and, in some cases, limit our business practices. For example, the Interstate Wagering Amendment
to 18 U. S. C. § 1301 (the “ Interstate Wagering Amendment”) limits our ability to purchase lottery games for a user located
in one state from a lottery authority located in another state, except under certain limited circumstances, such as where the lottery
authorities in the respective states allow the sales. Therefore, for our users located within the U. S., we only purchase lottery games
for users geolocated to be physically situated within the U. S. state or jurisdiction where the lottery game they are purchasing is being
conducted, unless an exception were to be authorized by the applicable lottery authorities.

  31  

In
addition, our business is subject to extensive regulation by multiple domestic and foreign governmental authorities and the laws and
regulations governing companies conducting sweepstakes and lottery related operations on the Internet and over mobile networks and purchasing
of lottery tickets on behalf of others. Such laws and regulations within U. S. and international jurisdictions are subject to change and
the effect of such changes on our ongoing and potential operations cannot be predicted with certainty. Governmental authorities continually
evaluate a wide range of issues that impact the mobile and online lottery and gaming industries. As a result, a jurisdiction may enact,
amend, or reinterpret laws and regulations governing our operations in ways that impair our revenues, cause us to incur additional legal
and compliance costs and other operating expenses, or are otherwise not favorable to our existing operations or planned growth, all of
which may have a material adverse effect on us or our results of