Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 73

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 1A
Chunk 73
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 securities to decline or become worthless.
These activities may include attempted theft, unauthorized use of payment card or financial account information, user identity theft,
theft of lottery games, and other misconduct. Such activities may result in injuries or damage for users and third parties, or business
interruptions, reputational and brand damage, or other significant liabilities for us.

While
we have implemented various measures intended to anticipate, identify, and address the risk of these types of activities, these measures
may not adequately address or prevent all illegal, improper, or otherwise inappropriate activity by these parties from occurring and
such conduct could expose us to liability, including through litigation, or adversely affect our brand or reputation. At the same time,
if the measures we have taken to guard against these illegal, improper, or otherwise inappropriate activities, such as our requirement
that all couriers undergo a background check, are too restrictive and inadvertently prevent couriers and users otherwise in good standing
from using our Platform, or if we are unable to implement and communicate these measures fairly and transparently or are perceived to
have failed to do so, the growth and engagement of the number of couriers and users on our Platform and their use of our Platform could
be adversely affected. Any of the foregoing risks could adversely affect our business, financial condition, and results of operations
and could cause the value of our securities to decline or become worthless.

Risks
Relating to our Dependence on Third Parties

Our
business model depends upon the compatibility between our B2C Platform and the major mobile and other operating systems and upon third-party
platforms for the distribution of our product offerings. If Google Play or the Apple App Store or other mobile download sites prevent
users from downloading our apps or if our advertising is blocked or rejected from being delivered to our users, our ability to grow our
revenue, profitability, and prospects may be adversely affected.

When
operational, our users access our B2C Platform product offerings on mobile devices and various web applications, and accordingly, our
business model depends upon the compatibility between our application and all major mobile and web operating systems. Third parties with
whom we do not have any formal relationships control the design of such devices and operating systems. These parties frequently introduce
new devices, and from time to time they may introduce new operating systems or modify existing ones. Network carriers may also impact
the ability to download applications or access specified content on mobile devices.

  39  

In
addition, when operational,