Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 24

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 1
Chunk 24
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 prevent the
violation of one or more laws or regulations, or that a violation by us, an employee, a customer or other third-party will not result
in enforcement action, the imposition of a monetary fine or suspension or revocation of one or more of our licenses, which could have
a material adverse effect on us or on our results of operations, cash flow, or financial condition.

  12  

Because we do business multinationally,
our operations are subject to U. S. and foreign anti-corruption laws and regulations such as the U. S. Foreign Corrupt Practices Act of
1977, the U. K. Bribery Act of 2010 and other anti-corruption laws that may apply where we operate. As we enter new foreign markets, we
are likely to become subject to additional laws and regulations and restrictions, which increases the risk that we or one of our subsidiaries
will inadvertently violate one of such laws or regulations.

Governance
Changes

All members of the Board and
all principal executive officers who served in such positions at the time of the 2022 Operational Cessation have resigned from such positions
and are no longer serving in any capacity with the Company or its subsidiaries. Matthew McGahan is now the sole director of Global Gaming
and Gregory Potts was appointed to the boards of Juega Lotto and Aganar. Corporate governance for Tinbu, LLC remains the same with AutoLotto,
Inc. being the sole managing member of the LLC.

Employees

As of the date of this Report,
the Company has six employees and nine key contractors who remain active in the efforts to restore the Company’s U. S. operations.
Additionally, the Company has six employees to support international
operations.

Intellectual
Property

We
rely on a combination of trademark, copyright, and trade secret protection laws in the U. S. and other jurisdictions, as well as confidentiality
procedures and contractual provisions, to protect our intellectual property and our brand.

We
have been using the LOTTERY. COM trademark since 2017; in February 2022, the LOTTERY. COM logo was registered on the Supplemental Register
of the U. S. Patent and Trademark Office. As of December 31, 2024, the registrations of our LOTTERY. COM word mark was pending with the
U. S. Patent and Trademark Office. We are also using or have common-law trademark rights in the trademarks AUTOLOTTO, SPORTS